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Indices
Note :
- 'Open' prices are based on pre-market indicators and may differ slightly at actual market open.
- Traders are advised to wait for the first 30 minutes of trading to gauge market direction more accurately.
- Always use proper risk management techniques, especially on days with higher volatility.
Top Gainers and Losers :
Top Gainers
Top Losers
Note :
- Last Price and Change are as of market open.
- Volume represents the number of shares traded in the first 15 minutes of trading.
- 52-Week High and Low are based on the previous trading day's close.
Global Markets Overview: Negative
Major global indices are showing negative trends, indicating a unfavorable environment for Indian markets.
- U.S. Markets: S&P 500 CFD closed up by -0.33%, Dow Jones Futures CFD index lost by -0.32%.
- European Markets: DAX down by -0.73%, CAC decreased by -0.39%.
- Asian Markets: SET Composite rose by 1.94%, KOSPI index up by 0.82%.
Nifty 50 Outlook
#StreetOpen
Previous Close:
25,149.85
Previous Day Change:
-67.55 (0.27%)
Intraday Supports:
N/A
Intraday Resistances:
N/A
- The NIFTY50 is in a downtrend with lower highs and lower lows evident
- Immediate resistance is at 25,120, with support seen around 24,960
- Significant volume spike suggests potential reversal or strong resistance at current levels
- Momentum indicators suggest possible shortterm consolidation before any decisive move
Bank Nifty Outlook
#StreetOpen
Previous Close:
56,754.70
Previous Day Change:
10.65 (0.02%)
Intraday Supports:
56,334.53
Intraday Resistances:
57,301.13
- Bank Nifty is in a clear downtrend as evidenced by the declining moving averages
- Strong resistance is observed around 57,000 with support formed near 56,600
- Significant volume spikes around 14:45 indicate potential buying interest
- Possible bullish reversal if it breaks above 56,800 with sustained volume increase
Previous Day's Market Breadth
Total Advancing Stocks
1464
Total Declining Stocks
1482
Advance-Decline Ratio
0.988
Sector Watch
Note :
- Sector performance is based on the first 30 minutes of trading.
- Individual stock movements within sectors may vary.
- Investors should consider their risk appetite and investment horizon before making decisions based on short-term sector movements.
Get daily predictions and stock updates
Market Breadth
Advancing Sectors
7
Declining Sectors
13
Advance-Decline Ratio
0.538
Sector Rotation Analysis
Key Sector Trends
Metals & Mining
Silver is leading the market with its utility-driven demand, reaching an all-time high.
Software & IT Services
IT stocks decline as TCS's cautious outlook impacts market sentiment.
Ship Building
Garden Reach Shipbuilders shares slide due to reduced retail and mutual fund holdings.
Finance
AU Small Finance Bank shares tumble as Kotak downgrades to 'sell' citing lofty valuations.
Sectors to Watch
Sector - News
Chemicals
Castrol India wins favorable ruling in MVAT dispute, boosting shares.
Healthcare
Divis Laboratories faces growth challenges due to Entresto patent setback.
Alcohol
Sula Vineyards sees revenue dip but wine tourism surges.
Pre-Market News
- Vodafone Idea:Vodafone Idea shares surge 7% amid high volume, reflecting positive investor activity amid recent corporate announcements.
- Infosys:Infosys shares fall 1.67% in today's session; over 41 lakh shares traded, reflecting current market dynamics.
- Tata Consultancy Services:Tata Consultancy Services shares fall 1.49% in today's session with over 18.4 lakh shares traded.
Stocks to Watch
TCS
Q1 net profit down at Rs 773 crore versus Rs 774 crore, YoY.
BEML
Board meet on July 21 to consider stock split.
Akzo Nobel
JSW Paints launches Rs 3,929 crore open offer to acquire upto 25.2% stake in company at Rs 3,417.77/share.
Our Top Research Calls (Previous Day)
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About Author
Santhosh Kumar V.
Founder, CEO Streetgains
Santhosh is a technical analyst, market researcher, educator and trader with 10+ years of experience. He is an expert in the area of patterns, price and time analysis as it applies to futures, Forex, and stocks.
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