Nifty:19672.35/-72.65/-0.37%;Candle:OF,Doji; Bank Nifty:45923.05/-152.15/-0.33% Candle:OF,Short day red ; HB:Doji,1678,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-82;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Larsen & Toubro, Tata Motors, Bajaj Auto, Asian Paints, Jubilant FoodWorks, Amber Enterprises India, Apollo Pipes, Aurionpro Solutions, Ceat, Cyient, Delta Corp, Dixon Technologies, Indoco Remedies, Jyothy Labs, KPIT Technologies, Mahindra Holidays & Resorts India, SBI Life Insurance Company, Suzlon Energy, Triveni Engineering & Industries, and UTI Asset Management Company will be in focus ahead of quarterly earnings on July 25.
The NSE has added Canara Bank, and RBL Bank to its F&O ban list for July 25, while retaining Delta Corp, Indiabulls Housing Finance, and Punjab National Bank.
Market wrap up(DWM,T,N,E):The market extended losses for yet another session amid volatility on July 24, with the Nifty50 breaking below the 19,700 mark. The selling in FMCG, metal, oil & gas, and select banks and technology stocks weighed down the market The BSE Sensex dropped 300 points to 66,385, while the Nifty50 declined 73 points to 19,672 and formed a bearish candlestick on the daily charts making lower highs and lower lows formation. The index remained below the five-day EMA (exponential moving average – 19,737) for the second consecutive session, but has taken support at 10-day EMA (19,650). “A reasonable negative candle was formed on the daily chart with a minor upper shadow. Technically, this pattern indicates short-term weakness in the market with sell-on-rise opportunity,” The Nifty is currently placed at the immediate support of 10-day EMA and the important lower support of 20-day EMA is placed around 19,450 levels. The said 20-day EMA has been holding for the past three months and has offered support for the Nifty to witness upside bounces from it in the past , the short-term trend of the Nifty remains weak and the present weakness with volatility is expected towards the important support of 19,500-19,400 levels before showing an upside bounce from the lows. Immediate resistance is placed at 19,780 levels, But the market breadth was not very weak as about 1,109 equity shares declined against 970 advancing shares on the NSE. The broader markets were mixed with the Nifty Midcap 100 index falling 0.15 percent and Smallcap 100 index gaining 0.4 percent.
