Nifty:19778.3/97.7/0.5%;Candle:OF,Short day green; Bank Nifty:46062.35/217.35/0.47% Candle:OGU,Short day green ; HB:1693,Of,Short day red,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long67%FutCash;923;Opt95%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Nestle India, ACC, Bajaj Finserv, Indian Hotels, Indian Bank, Indus Towers, Ajanta Pharma, Arvind, Astec Lifesciences, Bharat Electronics, Birlasoft, Coromandel International, Home First Finance Company, Indian Energy Exchange, Intellect Design Arena, JK Lakshmi Cement, Dr Lal PathLabs, Laurus Labs, Macrotech Developers, Nippon Life India Asset Management, RailTel Corporation of India, Sona BLW Precision Forgings, Sundram Fasteners, Symphony, Trident, Tata Teleservices, and Ujjivan Small Finance Bank will be in focus ahead of quarterly earnings on July 27.
The NSE has retained Delta Corp, RBL Bank, and Sun TV Network in its F&O ban list for July 27.
Market wrap up(DWM,T,N,E):The market is expected to continue its consolidation and rangebound trade in coming sessions, and if the Nifty50 decisively closes above 19,850, the resistance point, then there is a fair chance that it could march towards its record high levels. The index has negated its lower high and lower low formation in the previous three straight sessions and has taken healthy support at the 10-day exponential moving average (EMA) of around 19,650, which can be near-term support for the Nifty50, followed by critical support area of 19,600-19,500. “On the daily charts, we can observe that the Nifty managed to bounce from the Fibonacci support level of 19,650. However, the upside got restricted by the hourly upper Bollinger band, which was placed around 19,830,” the daily and the hourly momentum setup is providing divergent signals which can lead to a consolidation in the short term. The daily Bollinger bands are also contracting, which points to a consolidation in the short term, In terms of levels, Gedia believes that 19,615-19,560 shall act as a crucial support zone, and on the upside, 19,830–19,850 shall act as an immediate hurdle zone , On July 26, the Nifty50 rose nearly 100 points to 19,778 and formed a bullish candlestick with a small upper shadow on the daily charts, while the BSE Sensex climbed 351 points to 66,707. The Nifty Midcap 100 and Smallcap 100 indices gained 0.4 percent and 0.2 percent, respectively on positive breadth, while India VIX, the fear index, increased by 2.09 percent to 10.46, indicating stable markets.
