Nifty:19680.6/8.25/0.04%;Candle:OF,Doji; Bank Nifty:45845/-78.05/-0.17% Candle:OGU,Sort day red ; HB:OGU,Short day green,1695
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long66%FutCash;1089;Opt92%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Axis Bank, Bajaj Finance, Dr Reddy’s Laboratories, Tech Mahindra, Shree Cement, Tata Consumer Products, Bharat Petroleum Corporation, Cipla, Punjab National Bank, REC, Colgate-Palmolive, Aditya Birla Sun Life AMC, Aegis Logistics, Aether Industries, Deepak Fertilisers, Glaxosmithkline Pharmaceuticals, Godfrey Phillips India, HFCL, Jindal Stainless, Mahindra Lifespace Developers, Novartis India, Oracle Financial Services Software, Praj Industries, Syngene International, and TeamLease Services will be in focus ahead of quarterly earnings on July 26.
The NSE has added Sun TV Network to its F&O ban list for July 26, while retaining Canara Bank, Delta Corp, Indiabulls Housing Finance and RBL Bank.
Market wrap up(DWM,T,N,E):The market has seen consolidation and rangebound trade on July 25 after correction in the past two sessions, and closed on a flat note, while the volatility hit an all-time closing low. The market participants seem to be cautious ahead of the interest rate decision by US Federal Reserve on July 26. The BSE Sensex was down 29 points at 66,356, while the Nifty50 rose 8 points to 19,681 and formed a bearish candlestick with a lower shadow on the daily charts. The index has taken good support at 10-day EMA (exponential moving average) of 19,655 for yet another session. “Tuesday’s candle pattern was formed beside the similar candle of the previous session. Technically, this pattern indicates a choppy movement in the market with weak bias. The Nifty is currently showing signs of slowing down of downside momentum and is placed at the support of 10-day EMA,” Nifty’s short-term movement is choppy. Having placed at the support, there is a possibility of an upside bounce in the short term towards the immediate resistance of 19,800-19,850 levels in the coming sessions, the next support is placed at 19,600 levels. The broader markets remained mixed and we have seen an almost equal advance-decline ratio. The Nifty Midcap 100 index was up 0.4 percent and Smallcap 100 index fell 0.1 percent. India VIX, which measures the expected volatility for the next 30 days for the Nifty50, dropped sharply by 12.1 percent from 11.65 to 10.24 levels, the lowest-ever closing level, which supported the recovery in the market, indicating stability.
