STOCK MARKET REVIEW
CNX Midcap index was down 0.06% about while BSE smallcap index also gained 0.03% The NSE Nifty lost further 28 points to close at 5546 while the BSE Sensex fell 86 points to end at 18431.
Asian stock indexes were trading mostly lower Wednesday as investors turned cautious about the political fallout from the impasse on the United States, increasing national debt ceiling to avoid default. In Japan the Nikkei 225 Average fell 0.6% to 10 037 while the Shanghai Composite index was unchanged in China and 2704. Hong Kong Hang Seng lost 0.1% of the 22557. Kospi in South Korea decreased by 0.2% in 2165. S & P in Italy decreased by 0.2% in 4562. NZ-50 in New Zealand fell by 0.2% in 3410
Today’s Nifty Top gainer were :
MARUTI with volume and changes 5,03,547 and 3.32%
SESAGOA with volume and changes 24,76,722 and 3.22 %
DLF with volume and changes 81,59,048 and 1.54 %
Today’s Nifty Top losers were :
BHEL with volume and changes 36,10,568 and -4.33 %
PNB with volume and changes 2,33,455 and 4.09 %
HINDALCO with volume and changes 69,14,827 and -3.18 %.
In upcoming trading session Nifty can be expected to follow down trend due to weak global market. It seems to be vary between 5430 -5635
TITAN INDUSTRIES
TITAN is going to announce its quarter result tomorrow. Script has traded in heavy volume before the result day. Shares closed the today’s session at 224.5. Support and resistance levels for the share for the next trading session are:
Resistance 1-228
Resistance 2- 232
Support 1- 218
Support 2- 215
BATA INDIA
BATA INDIA is going to announce its first quarter results on 28TH July. It has seen trading within the range of 616 to 630 before the result day. Expected levels for this script are as follow:
Resistance 1-632
Resistance 2- 639
Support 1- 617
Support 2- 609
STOCKS TO WATCH :
STOCKS TO WATCH :
Buy ADVANTA above the level 318
Book first target at 324 and second at 330.
Keep the Stop loss at 310.65
Buy ATLAS CYCLE around 355.
Book first target at 360 and Second target at 365
Keep the stop loss at 349.75
Buy IPCA LABORATORIES above the levels 352
Book first target at 356 and Second target at 360
Keep the Stop loss at 347
NIFTY SPOT LEVEL
The Index opened up at 5,588.55 and finally closed at 5,546.80 rallying down 28.05 points (0.50%). The Intraday high and low of the day were 5,591.70 and 5,521.50 respectively.
The Nifty Futures made an down rally of 28.05 points or (0.50%) and finally settled at 5,546.80. The 30-share BSE Sensex was trading at 18,432.25 down 85.97 points.
Asian stock indices were trading mostly lower on Wednesday, as investors turned wary about the fallout of the political impasse in the US over raising the nation's debt ceiling to avoid a default. The Nikkei 225 average in Japan was down 0.6% at 10,037 while the Shanghai Composite index in China was flat at 2,704. The Hang Seng in Hong Kong lost 0.1% at 22,557. The Kospi in South Korea was down 0.2% at 2,165. The S&P in Australia was down 0.2% at 4,562. The NZX 50 in New Zealand was down 0.2% at 3,410.
In upcoming trading session Nifty Spot Level can be expected to follow down trend due to weak global market trend.Seems to be strongly trades between 5485 –5580 in narrow perspective and in broad perspective it seems to be vary between 5430-5635
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
Support 1: 5485 Support 2 : 5430
Resistance 1: 5580 Resistance 2: 5635
BANK NIFTY FUTURES
Bank Nifty Futures finally settled 11020 down by 90.
In upcoming trading session Bank Nifty Futures is expected to follow down trend if it strongly trades between 10900 –11120 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10770-11220
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Bank Nifty Futures would be
Support 1: 10900 Support 2: 10770
Resistance 1: 11120 Resistance 2: 11220
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