Global Markets
NASDAQ: Dow Jones +71
Futures for the Dow: -98 points
Asia-Pacific markets:
(Adjusted) GIFT Nifty: -60 points
Data Analysis
Cash Market |
F&O |
|
FII : -93cr |
Nifty PCR: 0.92 vs 1.00 |
|
DII : +1036cr |
Highest OI (03-Aug-23): |
|
Net : +943cr |
20000CE & 19700PE |
Technical Outlook
Nifty (Spot)
- Although Nifty showed respect for its 20-DMA and experienced a respectable rebound, 19825 will be a significant obstacle.
- Near 19825, there might be some selling pressure, but if we go over 19825, short covering is likely.
- A crucial and immediate support level is 19700.
Bank Nifty (Spot)
- The 20-DMA of the Banknifty was also respected, although the immediate barrier is 45800.
- 45400 is a support, making the trading range from 45400 to 45800.
- The following obstacle will be 46200, while the following support will be 45000.
