Nifty50 closed at 19690 level on 24th July. Nifty opened flat around 19770 and took the resistance from 19800 and then touched a low of 19680, finally settled negative with the loss of 80 points as well as Sensex closed 300 points negative to close around 66380 level on Tuesday trading session.
Wall Street ended positive in Yesterday trading session, with Dow jones closed with gain of 180 points, European markets also closed in green, Asian markets indices closed in mixed.
The pivot points indicating 19600 is the initial key support level to watch out for, followed by 19500 and 19400. If the index rises it can get resistance again at 19800, followed by 19900 and 20000.
The Banking Index closed around 45980 level on a negative note, and traded in a rangebound direction throughout the session and touched 45865 at the lower end and 46220 at the higher side. Pivot point suggesting 45800 can act as initial support zone followed by 45700 & 45500 support zone and on the higher side 46200 & 46500 can act as a good resistance levels.
FII & DII data:
Foreign Institutional investors were the Net sellers & sold shares worth Rs 82.96 crore where as domestic institutional investors were the Net buyers & bought shares worth 934.87 crore on July 24th.
Stocks which may reacts on quarterly earnings on July 25th
ASIANPAINT, BAJAJ AUTO, CEATLTD, DIXON, JUBFOOD, LT, KPITTECH, SBILIFE, TATAMOTORS, TATAMTRDVR, TRIVENI, UTIAMC, SHAREINDIA