Nifty:%;Candle:OGU,Doji; Bank Nifty:% Candle:OGU,Short day red ; HB:OGU,Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:19801/-4/-0.01% FII Long71%FutCash;2116;Opt99%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:L&T Finance Holdings, Tata Coffee, Tata Communications, TRF, Alok Industries, Can Fin Homes, Century Textiles & Industries, Finolex Industries, Hatsun Agro Product, Jubilant Pharmova, Bank of Maharashtra, Mastek, Newgen Software Technologies, and Shemaroo Entertainment will be in focus ahead of quarterly earnings on July 19.
The NSE has retained Delta Corp, Indiabulls Housing Finance, Manappuram Finance, and RBL Bank on its F&O ban list for July 19.
Market wrap up(DWM,T,N,E):The market continued to scale new highs for yet another session, though there was profit-taking at higher levels which resulted in an off-day’s high close for the benchmark indices on June 18. Technology stocks and Reliance Industries supported the market, The BSE Sensex rose 205 points to 66,795, while the Nifty50 advanced 38 points to 19,749 and formed a bearish candlestick pattern with minor upper and lower shadows on the daily charts. “Technically, such patterns are called high wave type candle patterns. By nature, the formation of a high wave at the hurdle/swing highs reflect high volatility and sometimes act as a reversal pattern, post confirmation,” But “any formation of major reversal pattern is ruled out and one may expect consolidation or minor weakness in the next 1-2 sessions”, he near-term trend of Nifty remains up and any consolidation from here could be a buy-on-dips opportunity. Immediate support is placed at 19,550-19,600 levels and the upper area of 19,800-19,850 could act as a short-term resistance, The broader markets were under pressure on weak breadth. The Nifty Midcap 100 index fell 0.14 percent and Smallcap 100 index declined 0.94 percent, while the India VIX increased further by 3.49 percent to 11.71 levels.
