Nifty 50 again pressured from the higher levels and closed 40 points negative on Wednesday trading Session

Market Update


Nifty50 closed at 19460 level on 12th July. Nifty opened flat and touched high level of 19545 and fell from higher levels till 19450, settled flat with the loss of 40 points where as Sensex closed 225 points negative to close around 65395 level on Wednesday trading session. Wall Street ended positive in Yesterday trading session, with Dow jones closed with gain of 85 points, European markets closed positive, Asian markets indices closed mixed. The pivot points indicating 19450 is the initial key support level to watch out for, followed by 19400 and 19350. If the index rises it can get resistance again at 19550, followed by 19600 and 19700. Nifty Levels

Nifty Bank

The Banking Index closed around 44800 level on a negative note, and traded in a range throughout the session and touched 44750 at the lower end and 45000 at the higher side. Pivot point suggesting 44500 can act as initial support zone followed by 44300 & 44200 support zone and on the higher side 45200 & 45500 can act as a good resistance levels.
Bank Nifty Levels

FII & DII data:

Foreign Institutional investors were the Net sellers & sold shares worth Rs 1242.44 crore where as domestic institutional investors were the Net buyers & bought shares worth 436.71 crore on July 12th.