Things to note(Traders&Investors): 18 JuLy 2023 Tues,@8.20AM

  • Asia markets mixed ahead of Australia central bank minutes, Nik,32663/271/0.84% Dj, 34585/76/0.22% Vix13.18/1.05% US stock futures inch lower, ahead of busy earning day, BC 30167/-106/-0.35%
  • Oil,  Gold, Bonds, Dollar,Dollar declines slow as investors wair on Fed
  • Nifty:%;Candle:OGU,Long day green; Bank Nifty:% Candle:OGU,Long dau green ; HB:OGU,Long day green,1679,
  • Nifty :Supp Rest
  • Banknifty:Supp Rest .
  • Gift Nifty:19790/52/0.26%     FII Long70%FutCash;73;Opt104%
  • OI data Nifty  ( max pain W19600M)
  • OI data Bank Nifty Nifty(max pain W M)
  • News:
  • Events/Results:
  • The NSE has retained Delta Corp, Indiabulls Housing Finance, Manappuram Finance, and RBL Bank on its F&O ban list for July 18.
  • Market wrap up(DWM,T,N,E):The market remained strong for yet another session, as the benchmark indices hit fresh all-time highs on July 17 with the help of banking and financial services space which was consolidating for several sessions. Select technology and oil and gas stocks also boosted the rally. The BSE Sensex climbed 529 points to 66,590, while the Nifty50 jumped 147 points to close above 19,700 for the first time, at 19,712, and formed a long bullish candlestick pattern on the daily charts. “The chart pattern indicates a sharp upside breakout of the recent sideways range movement in the market. The Nifty is in a sharp up-trended movement and we observe higher high and higher low formation on the daily chart,”  the lack of sharp selling participation has been observed during recent higher lows, which reflects the strength of upside momentum in the market. Having moved decisively above the resistance of 19,500 levels recently, the Nifty is expected to reach the next upper trajectories of 19,800 levels (1.382 percent Fibonacci projection) and the psychological 20,000 mark in the near term, he feels. Important support for trend reversal is placed at 19,500 levels. The broader markets also gained strength as the Nifty Midcap 100 index was up 0.3 percent and Smallcap 100 index climbed 0.9 percent.

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