Nifty:19517/135.35/0.7%;Candle:OGU,Short day green; Bank Nifty:44879.5/366.05/0.82% Candle: OGU,Short day green; HB:OGU,1652, Long day green,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long44%FutCash;-556;Opt93%
OI data Nifty ( max pain W19500M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:PB Fintech, Barbeque-Nation Hospitality, Bayer Cropscience, Emami, Eris Lifesciences, Gland Pharma, Godrej Consumer Products, India Cements, Indigo Paints., ITD Cementation India, Krishna Institute of Medical Sciences, Medplus Health Services, Olectra Greentech, Paras Defence and Space Technologies, Ramco Cements, Ramco Systems, RateGain Travel Technologies, Sobha, Sun Pharma Advanced Research Company, Tata Chemicals, Torrent Pharmaceuticals, Ujjivan Financial Services, and Whirlpool of India will be in focus ahead of quarterly earnings on August 7.
The NSE has added Indiabulls Housing Finance to its F&O ban list for August 7, while retaining Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Hindustan Copper and Piramal Enterprises to the said list.
Market wrap up(DWM,T,N,E):The nice bounce back with taking support at 19,300 and coming back above 19,500 on August 4 was a relief rally for the markets after recent correction, but whether the Nifty can hold 19,500 is the key for further upside towards 19,600-19,700 levels. Unless the Nifty gives a strong close above 19,800, the rangebound action in the index is likely to continue in near term, with crucial support at 19,300-19,100 area, The Nifty50 jumped 135 points to 19,517 and formed bullish candlestick pattern, but largely traded within the previous day’s range, while the BSE Sensex jumped 481 points to 65,721. “Low made in last week is at 19,296 levels and if the same is broken we can expect move to 18,838. Nifty is at an important juncture as of now. On the upside, 19,800 is immediate hurdle and we can expect rangebound move between 19,290 – 19,800 levels next week before any directional move is seen,” break of this range will set the trend in that direction. It is best during such times to trade light and form Options strategy for range bound or consolidation movement, We have also seen good buying interest in broader markets as the Nifty Midcap 100 and Smallcap 100 indices gained 0.8 percent each on positive breadth.
