• Classes(1st-5th)
    • Kindergarten
    • Class 1ST
    • Class 2ND
    • Class 3RD
    • Class 4TH
    • Class 5TH
  • Classes(6th-8th)
    • Class 6TH
    • Class 7TH
    • Class 8TH
  • Classes(9th,10th)
    • Class 9TH
    • Class 10TH
  • Classes(11th,12th)
    • Class 11th
      • Science Stream
      • Arts Stream
      • Commerce Stream
    • Class 12th
      • Science Stream
      • Arts Stream
      • Commerce Stream
  • Under Graduate
  • Post Graduate
  • Competitive Exams
  • Religious Sciences
    • Noorani Qaida
  • Computer Science
    • MACHINE LEARNING
    • Python
  • Blogs
  • Forums
  • Contact Us
Have any question?
+918825063816
admin@educasheer.com
RegisterLogin
eduCasheer
    • Classes(1st-5th)
      • Kindergarten
      • Class 1ST
      • Class 2ND
      • Class 3RD
      • Class 4TH
      • Class 5TH
    • Classes(6th-8th)
      • Class 6TH
      • Class 7TH
      • Class 8TH
    • Classes(9th,10th)
      • Class 9TH
      • Class 10TH
    • Classes(11th,12th)
      • Class 11th
        • Science Stream
        • Arts Stream
        • Commerce Stream
      • Class 12th
        • Science Stream
        • Arts Stream
        • Commerce Stream
    • Under Graduate
    • Post Graduate
    • Competitive Exams
    • Religious Sciences
      • Noorani Qaida
    • Computer Science
      • MACHINE LEARNING
      • Python
    • Blogs
    • Forums
    • Contact Us

    Market Insights

    • Home
    • Blog
    • Market Insights
    • MARKET OUTLOOK FOR 19th July 2021

    MARKET OUTLOOK FOR 19th July 2021

    • Posted by admin
    • Categories Market Insights
    • Date July 18, 2021
    • Comments 0 comment

    TODAY’S MARKET SNAPSHOT:

     NIFTYBANKNIFTY
    OPEN15958.3535977.95
    HIGH15962.2535977.95
    LOW15882.6035674.75
    CLOSE15923.4035751.80
    PREVIOUS CLOSE15924.2035907.65
    SUPPORT1584035600
    RESISTANCE1596036000
    VIEWPositivePositive

    The nifty remained in a consolidation mode throughout the trading session on July 16. The nifty closed flat at 15923.40 while the bank Nifty fell 155.85 points and closed lower at 35751.80. The Sensex closed 18.79 points lower at 53140.06.

    On the sectoral front, buying was seen in Pharma, Realty, metal, Infra and energy sectors while selling pressure was seen in IT, PVT banks and Service sector space.

    On the broader market front, the nifty midcap 100 index was up 0.35 percent and the nifty small cap 100 index was up 1.10 percent, outperforming the benchmark indices.

    The advance decline ratio stood in the ratio of 1:1

    Nifty 50 managed to close above 15900 for the second session in a row. The bullish is expected to continue in the coming sessions. At this juncture of time, bulls have an advantage over bears. The investors are advised to remain neutral in the coming session as no major event is lined up in the coming week. The strength in nifty will remain intact until nifty holds 15850. Once 15850 is broken with heavy volumes, investors should exit from their long positions and initiate fresh short positions. The nifty formed Hanging Man kind of pattern on daily charts on July 16 and there was bullish candle formation on the weekly scale.

    Bank nifty looks overbought on weekly charts. The bank nifty will first react to HDFC bank results on July 19. The investors are suggested to lighten their positions on bank nifty. If bank nifty breaks 35600, then initiate short positions for a target of 35000 in next 2-3 sessions. On upside, if bank nifty holds 35900 and gives closing above it, then it is likely to hit 36200 in next 1-2 sessions.

    Global cues and earnings announcements will continue to dictate the market trend in coming sessions. The progress of the monsoon and covid related updates will also remain the main areas of focus in the coming sessions.

    FII & DII Data

    Foreign institutional investors (FIIs) net sold shares worth Rs 466.30 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 666.07 crore in the Indian Equity Market on July 16 as per provisional data available on the NSE.

    TODAY’S TOP FIVE GAINERS AND LOSERS (NIFTY)


    SYMBOL
    LTP%CHNGVOLUME
    DIVISLAB4,766.553.4611,56,272
    BHARTIARTL540.952.951,10,43,791
    ULTRACEMCO7,320.151.824,36,381
    TATASTEEL1,274.751.5084,96,925
    POWERGRID233.501.3589,45,881
    HCLTECH1,006.00-3.2586,65,827
    EICHERMOT2,619.10-1.8110,37,591
    INFY1,556.75-1.5262,65,593
    BAJAJFINSV12,766.25-1.492,52,782
    ADANIPORTS689.00-1.4469,41,246

    ANALYSIS OF TODAY’S DERIVATIVE DATA for 22nd July Expiry

    1. NIFTY

    As per today’s option chain data, strong resistance for nifty exists at 16000 level while as strong support exists at 15900 level. The call writing was seen at 16000, 16100 and 16200 strike prices while as put writing was visible in today’s trade at 15900, 17800 and 15650 strike prices.

    • Bank Nifty

    As per today’s option chain data, Strong resistance for bank nifty exists at 36000 level while as strong support exists at 35500 level. Call writing seen at 36000 and 36500 strike prices while as put writing was seen at 35500 and 35000 strike prices.

    MAXIMUM PAIN OPTIONS FOR 22nd JULY EXPIRY

    NIFTY16050
    BANK NIFTY36100

    Sectors to watch out for tomorrow

    1. Nifty metal
    2. Nifty Pharma
    3. Nifty Realty

    Stocks to watch out for tomorrow:

    1. Glenmark
    2. Jindal Steel
    3. REC

    “Follow our telegram channel “Wealth Creator”.

    For exact entry and exit levels, you can mail me at investor0007@hotmail.com

    • Share:
    author avatar
    admin

    Previous post

    MARKET OUTLOOK FOR 16th July 2021
    July 18, 2021

    Next post

    MARKET OUTLOOK FOR 20th July 2021
    July 19, 2021

    You may also like

    edu (2)
    MARKET OUTLOOK FOR 27th August 2021
    27 August, 2021
    edu (2)
    MARKET OUTLOOK FOR 26th August 2021
    26 August, 2021
    edu (2)
    MARKET OUTLOOK FOR 25th August 2021
    24 August, 2021

    Leave A Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Search

    Categories

    • Exams
    • Founder Of Educasheer
    • IISc Blogs
    • Machine Learning
    • Market Insights
    • Our Motive
    • Tech Blogs
    • Uncategorized
    Python – Beginner to Advance

    Python – Beginner to Advance

    Free
    Learn to read and write English language-taught in kashmiri

    Learn to read and write English language-taught in kashmiri

    Free
    Arabic Course in Kashmiri-Learn to read Quran(Noorani-Qaida)

    Arabic Course in Kashmiri-Learn to read Quran(Noorani-Qaida)

    Free

    ©2021 eduCasheer.com

    Login with your site account

    Lost your password?

    Not a member yet? Register now

    Register a new account

    Are you a member? Login now