Nifty:19733.55/-20.25/-0.1%;Candle:OGU,short day red; Bank Nifty: 45592.55/-58.6/-0.13% Candle:OGU,Short day red ; HB:OF,Short day green,1666
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long51%FutCash;-93;Opt96%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Titan Company, Ambuja Cements, Hindustan Petroleum Corporation, InterGlobe Aviation, Mankind Pharma, Godrej Properties, Aditya Birla Capital, Adani Wilmar, Engineers India, Firstsource Solutions, Fusion Micro Finance, Gateway Distriparks, Gujarat Gas, Indian Overseas Bank, Metropolis Healthcare, Narayana Hrudayalaya, Quess Corp, Sapphire Foods India, Sheela Foam, Strides Pharma Science, Vaibhav Global, and VIP Industries will be in focus ahead of quarterly earnings on August 2.
The NSE has added Hindustan Copper to its F&O ban list for August 2, while retaining Piramal Enterprises, and Indiabulls Housing Finance in the said list.
Market wrap up(DWM,T,N,E):We have seen yet another rangebound session in the market on August 1, consistently facing resistance at 19,800, which experts feel can play a crucial role for the next upmove if the Nifty50 gives a decisive close above it. The immediate support is likely at 19,700, followed by 19,600 levels. Till then, they expect the rangebound and volatile trade to continue for coming sessions. The Nifty50 was settled at 19,734 on Tuesday, down 20 points and formed a bearish candlestick on the daily timeframe, but continued with higher highs and higher lows formation, which still gives some hope for rebound amid ongoing consolidation. The traded volume was above average for yet another session. The Nifty traded in a narrow range of 19,700-19,800, maintaining its overall bullish sentiment. It stayed above the critical near-term moving average (21-day EMA which is placed at 19,550), reinforcing the positive outlook,” that a hidden positive divergence on the daily chart indicates a potential bullish reversal in price momentum. “Short-term prospects suggest a sideways to positive trend if the index stays above 18,550. A decisive move above 19,800 could drive the index towards the 20,000 mark,” The BSE Sensex closed at 66,459, down 68 points, but the broader markets maintained an uptrend, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.03 percent and 0.68 percent respectively amid positive breadth. Three shares advanced for every two declining shares on the NSE.
