Nifty50 closed at 19720 level on 17th July. Nifty opened flat around 19620 and touched new high of 19740 and settled positive with the gain of 120 points where as Sensex closed 530 points positive to close around 66590 level on Monday trading session.
Wall Street ended positive on Monday trading session, with Dow jones closed with gain of 70 points, European markets closed mixed, Asian markets indices closed in green.
The pivot points indicating 19600 is the initial key support level to watch out for, followed by 19500 and 19450. If the index rises it can get resistance again at 19750, followed by 19800 and 19900.
The Banking Index closed around 45500 level on a positive note, and traded in an upside direction throughout the session and touched 44780 at the lower end and 45590 at the higher side. Pivot point still suggesting 45500 can act as initial support zone followed by 45400 & 45300 support zone and on the higher side 45750 & 46000 can act as a good resistance levels.
FII & DII data:
Foreign Institutional investors were the Net buyers & bought shares worth Rs 73.00 crore as well as domestic institutional investors were the Net buyers & buyers shares worth 64.34 crore on July 17th.
Stocks which may reacts on quarterly earnings on July 18th
ASIAN, BBL, CIEINDIA, ICICIGI, ICICIPRULI, INDUSINDBK, LTTS, MUDRA, NETWORK18, POLYCAB, TV18BRDCST, VIVANTA.