Nifty50 closed at 19845 level on 20th July. Nifty opened flat around 19800 and touched new high of 19870 and settled positive with the gain of 75 points as well as Sensex closed 300 points positive to close around 67100 level on Wednesday trading session.
Wall Street ended positive in Yesterday trading session, with Dow jones closed with gain of 100 points, European markets also closed mixed, Asian markets indices closed in positive.
The pivot points indicating 19750 is the initial key support level to watch out for, followed by 19700 and 19600. If the index rises it can get resistance again at 19900, followed by 20000 and 20100.
The Banking Index closed around 45715 level on a positive note, and traded in a rangebound direction throughout the session and touched 45485 at the lower end and 45750 at the higher side. Pivot point suggesting 45500 can act as initial support zone followed by 45400 & 45300 support zone and on the higher side 46000 & 46200 can act as a good resistance levels.
FII & DII data:
Foreign Institutional investors were the Net buyers & bought shares worth Rs 1165.47 crore where as domestic institutional investors were the Net sellers & sold shares worth 2134.54 crore on July 19th.
Stocks which may reacts on quarterly earnings on July 20th
COFORGE, DALBHARAT, DBCORP, HAVELLS, HINDUNILVR, INFY, MPHASIS, PERSISTENT, RIIL, SOUTHBANK, TANLA, UNIONBANK.