Global Markets

The Dow Jones closed on a mixed note for the US markets.

The price of Dow futures has decreased marginally.

Asian markets are currently trading negatively.

Nifty: -20 points on the SGX

Data Analysis

Cash Market                         F&O

FII : -693cr                                                     Nifty PCR: 1.11 vs 1.18

DII : +219cr                                                   Highest OI (29-June-23):

Net : -474cr                                                    18800CE & 18800PE

Technical Outlook

Nifty (Spot)

• The Nifty is regaining strength close to its record high of 18888.
• A zone of direct assistance spans 18700–18660.
• Only below the 18660 level is any profit booking anticipated.

Bank Nifty (Spot)

• A crucial supply zone is between 44000 and 44200 as Banknifty consolidates between its 50th and 20th-DMA.
• We can see a short-covering surge above 44200.
• 43500–43300 represents an urgent demand zone on the downside.