Nik, Dj,33734/-187/-0.55% Vix 14.83/-4% US stock stumble on friday , notching weekly losses, as traders rate hike fears return, BC 30290/160/0.3%
Oil,73.86 up 3% , 9 weeks high on supply concerns, Gold,1932.5, rises as dollar , yield slips after US jobs data, Bonds,4.066, after 16 year high, 2 year treasury yield falls Dollar,slips as US jobs growth slow in june, Yen jumps,
Nifty:19331.8/-165.5/-0.85%;Candle:OF, Short day red; Bank Nifty:44925/-414.9/-0.92% Candle:OGD,Short day red ; HB:1660;0.9%;OF; Short day red,1664;
Nifty :Supp Rest
Banknifty: Supp Rest .
SGX Nifty:% FII Long70%FutCash;790;Opt100%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:The NSE has added Granules India, and India Cements to its F&O ban list for July 10, while retaining BHEL and Delta Corp.
Market wrap up(DWM,T,N,E):The market reversed some of the gains of the past week, which saw benchmarks hit new highs, to end lower on July 7, weighed down by FMCG, banking & financial services, technology and metal stocks. The broader markets also felt the selling pressure, with Nifty midcap 100 and smallcap 100 indices declining 0.8 percent and 0.4 percent. The Sensex dropped 505 points to 65,280, while the Nifty fell 166 points to 19,332 and formed a bearish candlestick with a long upper shadow on the daily charts. “Technically this pattern indicates rejection of bulls at the new highs. This could also be considered as a short-term top reversal pattern,” The present weakness could be considered as a higher top reversal of the pattern. “Immediate supports like ascending resistance line as per change in polarity and daily 10 period EMA (exponential moving average) are placed around 19,200 levels, which could be an immediate cluster support for the market on further weakness,”
