Nifty:19564.5/150.75/0.78%;Candle:OGU,Short day green; Bank Nifty:44819.3/154.25/0.35% Candle:OGU,Doji ; HB:OGU,Short day red,1645,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long%FutCash;;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:HDFC Bank, LTIMindtree, Tata Elxsi, Tinplate Company of India, Central Bank of India, CRISIL, Hathway Cable & Datacom, Huhtamaki India, Onward Technologies, Seacoast Shipping Services, and Tarapur Transformers will be in focus ahead of June FY24 quarter earnings on July 17.
The NSE has added RBL Bank to its F&O ban list for July 17, while retaining Delta Corp, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance, and Punjab National Bank.
Market wrap up(DWM,T,N,E):The market saved the best for the last again as a late surge on July 14 catapulted the equity benchmarks to new highs, powered largely by technology stocks that saw buying interest after a long time. The 30-pack Sensex jumped 502 points to 66,061, the first time it closed above 66,000. The broad-based Nifty gained 151 points to 19,565, managing to end above 19,500 after several failed attempts. The index formed a bullish candlestick on the daily charts, with a breaking upward sloping resistance trendline as well as the eight-day consolidation range. “The Nifty’s break above the consolidation range of 19,300-19,500 suggests increasing optimism in the market. The resistance at 19,500, which was heavily built by Call writers, has been surpassed on a closing basis. This breakthrough is expected to lead to a significant rally as Call writers unwind their positions,” The bullish crossover on the momentum indicator Relative Strength Index (RSI) reinforces the momentum. The Nifty may rise to 19,700-19,720 but it’s important to consider the short-term support at 19,300,
