Indian equity benchmarks ended at one week high on July 1, led by banking and financials. Nifty surged 128 points, or 1.24 percent, to end at 10,430 and the Sensex ended 499 points, or 1.43 percent, higher at 35,414.
Key support and resistance levels for the Nifty – According to pivot charts, the key support level for the Nifty is placed at 10,337.4, followed by 10,244.8. If the index moves up, the key resistance levels to watch out for are 10,484.8 and 10,539.6. Nifty Bank – The Nifty Bank index ended 2.84 percent higher at 21,977.60 on July 1. The important pivot level, which will act as crucial support for the index, is placed at 21,485.73, followed by 20,993.87. On the upside, key resistance levels are placed at 22,265.53 and 22,553.46.
Call option data for NIFTY – Maximum call OI of 16.45 lakh contracts was seen at 10,500 strike, which will act as crucial resistance in the July series. Put option data for NIFTY – Maximum put OI of 27.34 lakh contracts was seen at 10,000 strike, which will act as crucial support in the July series.
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