NiftyFuture last close: 15709.10
On 28th July, What a terrible day. First half bears have dominated and second half bulls have dominated. End of the Bears have won
NF was opened high of 15774.95 then vertically fell up to 15510 again went to 15710
Nifty50 ended below 15750 and Sensex was down more than 100 points
NF was once again bounced from crucial support 15500
Investors lost more than 1 lakh crore market capitalization in last three sessions
Hdfcbank, Axisbank, Kotakbank fell more than 2%
Reliance fell another 2%
Buying action was seen Telecom, metals and selling pressure visible banks and auto stocks
India volatility index spiked 20% in middle of day then ended 5% up
Midcap and smallcap index was down 0.5%
Tatava Chintan IPO to debut today. The issue was subscribed 180 times during July 16-20. The second highest subscription seen among IPO in 2021
Today’s result stocks Techm, Colpal, Concor, Pvr, Lishsgfin, MotilalOswal, Tvsmotor, and Industower
FIIs net sold 2275 crore while DIIs net bought 921 crore
US market ended mixed on Wednesday
Asian markets were set to marginally higher and HongKong rebound in Thursday
NiftyFuture formed bearish candle on the daily chart with a long lower bottom which indicating declines were quickly being bought.
However, Nifty indices ended above 50 DMA
As per OI, 15800CE seems highest OI and PE side 15500 seen highest OI
Let’s see, NiftyFuture is facing a intraday resistance 15730, 15750 and 15790
Above 2nd and 3rd resistance are crucial for today’s trade. Stay caution at higher levels
NF considering a supports 15660, 15630 and 15590
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Updated: 08.51 am / 29th July 2021
