Global Markets

US markets finished with a decline (Dow Jones -129).

The price of Dow futures is falling (by 76 points).

Asian markets are currently trading negatively.

Nifty: -40 points as a gift

Data Analysis

Cash Market                            F&O

FII : +1603cr                                                         Nifty PCR: 1.47 vs 1.47

DII : -439cr                                                            Highest OI (06-July-23):

Net : +1164cr                                                        19500CE & 19300PE

Technical Outlook

Nifty (Spot)

• The Nifty is moving up strongly, but yesterday’s candlestick offers a warning.
• We might anticipate some profit taking if the Nifty starts to trade below 19300.
• The following significant support level is 19100, while resistance levels are 19500 and 19600.

Bank Nifty (Spot)

• A shaky candlestick formation was also generated on the Banknifty index.
• We can anticipate some profit taking if it starts to trade below 45,000.
• The next significant support area will be between 44500 and 44200, while resistance levels are between 45700 and 46000.