• 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 3rd August 2021

    MARKET OUTLOOK FOR 3rd August 2021

    • Posted by admin
    • Categories Market Insights
    • Date August 2, 2021
    • Comments 0 comment

    TODAY’S MARKET SNAPSHOT:

      NIFTY BANKNIFTY
    OPEN 15874.90 34760.90
    HIGH 15892.90 34861.75
    LOW 15834.65 34588.25
    CLOSE 15885.15 34710
    PREVIOUS CLOSE 15763.05 34584.35
    SUPPORT 15700 34350
    RESISTANCE 15900 35150
    VIEW Neutral Neutral

     

    Nifty maintained positive momentum throughout the trading session on August 2. The nifty added 122.10 points and closed at 15885.15 while as the bank Nifty added 125.65 points and closed at 34710. The Sensex closed 363.79 points higher at 52950.63.

    On the sectoral front, buying was seen in all sectors particularly Realty, energy, Infra and auto space.

    On the broader market front, the nifty midcap 100 index closed 1.56% higher and the nifty small cap 100 index closed 0.91% in line with the benchmark indices.

    The advance decline ration stood in the ratio of 2:1

    Nifty closed near the upward end of the range today. The nifty has to close above 15900 tomorrow for any sustainable up move. In case, nifty fails to cross 15900 in first one hour of trade, then it is likely to move towards the lower end of the range once again. For any sustainable action, the nifty needs to break out of this range and hence traders have no option but to remain neutral.

    Bank nifty is currently looking very bearish on daily, weekly and monthly charts. The bank nifty has to hold above 34800 levels to move up towards 35000 and 35300 while on the downside, support is seen at 34350 and 34000. Avoid fresh longs on bank nifty.

    FII & DII Data

    Foreign institutional investors (FIIs) net sold shares worth Rs 1539.88 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1505.82 crore in the Indian Equity Market on August 2 as per provisional data available on the NSE.

    TODAY’S TOP FIVE GAINERS AND LOSERS (NIFTY)

    Symbol LTP %Chng Volume
    TITAN 1,776.00 3.58 17,18,511
    SHREECEM 29,260.10 3.52 86,807
    BPCL 459.10 3.05 49,82,840
    ADANIPORTS 694.25 2.93 89,25,708
    EICHERMOT 2,603.50 2.89 6,91,444
    Symbol LTP %Chng Volume
    UPL 790.35 -2.25 62,05,784
    TATASTEEL 1,413.00 -1.49 97,68,919
    BAJAJFINSV 14,134.00 -0.62 2,64,709
    BAJFINANCE 6,202.45 -0.41 10,12,435
    TECHM 1,206.00 -0.29 23,85,223

     

    ANALYSIS OF TODAY’S DERIVATIVE DATA for August 5 Expiry

    1. NIFTY

    As per today’s option chain data, strong resistance for nifty exists at 16000 level while as strong support exists at 15800 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 and 15800 strike prices.

    1. Bank Nifty

    As per today’s option chain data, Strong resistance for bank nifty exists at 35000 level while as strong support exists at 34500 level. The call writing was seen at 34800, 34900 and 35000 strike prices while as put writing was seen at 34700 and 34500 strike prices.

    MAXIMUM PAIN OPTIONS FOR August 5 EXPIRY

    NIFTY 16000
    BANK NIFTY 35000

     

    Sectors to watch out for tomorrow

    1. Nifty Realty
    2. Nifty Auto
    3. Nifty Energy

    Stocks to watch out for tomorrow:

    1. Omaxe
    2. ONGC
    3. Container Corp

    “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 2nd August 2021
    August 2, 2021

    Next post

    MARKET OUTLOOK FOR 4th August 2021
    August 3, 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