Nifty 50 fell from all-time high.Closed 135 points down on Friday trading Session

Market Update


Nifty50 closed at 19398 level on 7th July. Nifty opened flat and touched high level of 19567 and fell sharply from higher levels till 19380, settled with a loss of 135 points where as Sensex closed 500 points negative around 65280 level on Friday trading session. Wall Street ended negative on Friday trading session, with Dow jones closed with loss of 190 points, European markets closed positive, Asian markets indices closed negative. The pivot points indicating 19350 is the initial key support level to watch out for, followed by 19300 and 19200. If the index rises it can get resistance again at 19550, followed by 19600 and 19700. Nifty Levels

Nifty Bank

  The Banking Index closed at 45208 on a negative note, and traded in a downward throughout the session and touched 44920 at the lower end and 45300 at the higher side. Pivot point suggesting 45900 can act as initial support zone followed by 44700 & 44500 support zone and on the higher side 45500, & 45800 can act as a good resistance levels.  

Bank Nifty Levels

FII & DII data:

Foreign Institutional investors were the Net buyers & bought shares worth Rs 790.40 crore, whereas as domestic institutional investors were the net sellers & sold shares worth 2964.23 crore on July 7th.