Global Markets
US markets closed on an up note (Dow Jones +48).
The price of Dow futures has decreased (61 points).
Asian markets are now trading positively.
(Adjusted) GIFT Nifty: +64 points
Data Analysis
Cash Market |
F&O |
|
FII : +2238cr |
Nifty PCR: 1.11 vs 0.88 |
|
DII : -1197cr |
Highest OI (20-July-23): |
|
Net : +1041cr |
19500CE & 19300PE |
Technical Outlook
Nifty (Spot)
- The 10-DMA is acting as an immediate support level for Nifty as it continues to consolidate between 19300 and 19500.
- The resistance levels will be 19550, 19650, and 19770.
- 19300 is a reliable support level as long as the buy-on-dip strategy is used.
Bank Nifty (Spot)
- Despite underperforming, Banknifty is close to the crucial support level of 44500.
- From here, we can anticipate a rebound, with 45200 serving as the first obstacle.
- A short-covering advance into the 45500/45700 levels is anticipated above 45200.
