Nifty:19526.55/-207/-1.05%;Candle:OGD,Long day red; Bank Nifty:44995.7/-596.8/-1.31% Candle:OGD,Long day red ; HB:OGD,Doji, 1642,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long49%FutCash;-1877;Opt96%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Bharti Airtel, Eicher Motors, Sun Pharmaceutical, Lupin, Dabur India, Adani Enterprises, Zomato, LIC Housing Finance, Adani Power, Blue Star, Cummins India, Deepak Nitrite, Great Eastern Shipping, ICRA, KEC International, Karnataka Bank, Mahanagar Gas, Minda Corporation, MRF, Radico Khaitan, Tube Investments of India, and Varun Beverages will be in focus ahead of quarterly earnings on August 3.
The NSE has added Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) to its F&O ban list for August 3, while retaining Hindustan Copper, Piramal Enterprises, and Indiabulls Housing Finance in the said list.
Market wrap up(DWM,T,N,E):Bharti Airtel, Eicher Motors, Sun Pharmaceutical, Lupin, Dabur India, Adani Enterprises, Zomato, LIC Housing Finance, Adani Power, Blue Star, Cummins India, Deepak Nitrite, Great Eastern Shipping, ICRA, KEC International, Karnataka Bank, Mahanagar Gas, Minda Corporation, MRF, Radico Khaitan, Tube Investments of India, and Varun Beverages will be in focus ahead of quarterly earnings on August 3. Experts believe that the index may hold the said support of 19,500; but in case it breaks the same, then the upward-sloping support trendline can act as the next support, whereas the immediate hurdle on the higher side may be 19,600-19,700, they said. The Nifty50 tanked 207 points or 1 percent to 19,527 and formed a bearish candlestick pattern with a long lower shadow on the daily charts, weighed down by correction in global peers after Fitch Ratings downgraded the credit rating of the United States. “Technically, today’s pattern formation indicates a sharp negative reversal in the market. The Nifty is currently placed at the edge of moving below the immediate support of up trend line at 19,500 as per the concept of change in polarity,” The next crucial lower supports to be watched are around 19,200-19,100 in the coming week. However, any pullback rally up to 19,600-19,650 could be a sell-on-rise opportunity
