Nifty last close: 19517
We have seen a downward journey in the equity markets for the second consecutive week ended August 4
Nifty slipped and closed below the 20-day EMA for the first time since March 31, 2023
Weekly basis, Sensex fell 0.66 percent or 438.95 points, to close at 65,721.25
Nifty50 lost 0.65 percent or 129.05 points, to end at 19,517
SmallCap Index rose 1.5 percent, MidCap Index ended flat
Realty index shed 4.2%, PSU Bank index declined 4%,FMCG index fell 1.7%
BSE LargeCap Index fell 0.6%,IT index rose 3% and Pharma index climbed nearly 2%
FIIs have net sold Rs 3,546 crore worth of shares in the first week of August
DIIs fully compensated by purchasing more than Rs 5,600 crore worth of shares in the cash segment last week
US markets marginally lower on last Friday
Dow declined 0.43%, Nasdaq fell 0.3% and S&P500 dropped to 0.54%
US 10-year yield slips to 4.06%
Crude climbs to 4 month highs & Brent crude at $86/bbl
Dollar index traded 0.5% lower to 102.10
Spot Gold was up 0.3% to $1939/oz
Asian markets mixed in early trade
Hangseng and Kospi nearly flat trade
GiftNifty indicates a positive opening for the index
This week Nifty trend decider 19300 and 19800
Today Nifty is facing a intraday resistance 19545 and 19575
If breaks and sustains above 19575 finding a next resistance 19630
On flip side, Nifty can be considered as supports as 19485 and 19460
Below 19460 will try to check 19410
Updated: 08.41 am / 07th Aug 2023
