- Nik, Dj, Vix
- Oil, Gold, Bonds, Dollar,
- Nifty:%;Candle:; Bank Nifty:% Candle: ; HB:
- Analysis Trend(5Day):Nifty: ; BNF: , HB: ;RL; ;Iny: ;SenX; ;
- Nifty :Supp Rest
- Banknifty:Supp Rest .
- Gift Nifty:% FII Long29%FutCash;-26;Opt86%
- OI data Nifty ( max pain WM)
- OI data Bank Nifty (max pain W M)
- News:
- Events/Results:
- Stocks added to F&O ban: Nil
- Stocks retained in F&O ban: RBL Bank
- Stocks removed from F&O ban: Nil
- Market wrap up(DWM,T,N,E):
The Nifty 50 saw an upside breakout from its recent rangebound action and finished the session with a 61-point gain on July 8, despite negative market breadth. The index sustained above short-term moving averages, with a positive crossover in momentum indicators and a breakout of the downward-sloping resistance trendline, indicating the possibility of a healthy trend. The 25,500 level is expected to be a crucial zone for the index in the upcoming sessions. If the index drops below this level, the 25,400–25,300 zone can act as support. However, if it holds above 25,500, a move toward 25,600–25,700 on the higher side can’t be ruled out, according to experts. The Nifty 50 formed a bullish candle on the daily timeframe after breaking out of a falling resistance trendline, which is a positive sign. Furthermore, the index continued to hold above the 10-day EMA, while the RSI (at 62.53) and Stochastic RSI both showed positive crossovers. Trading volume was slightly better than in the previous couple of sessions. The Bank Nifty also reported a bullish candle on the daily charts, following a Doji formation in the previous session. The index continued its higher high–higher low formation for another session and sustained above the 10-day EMA, which is positive. Additionally, the RSI (at 61.14) and the Stochastic RSI also recorded positive crossovers.