Nifty 50 closed 20 points up while Bank nifty closed 90 points negative on Wednesday trading session

Market Update


Nifty50 closed at 19478 level on 5th July. Nifty opened flat and touched high levels of 19485 throughout the day traded on a positive note and it settled with a gain of 20 points where as Sensex closed 33 points negative around 65446 level on Wednesday trading session.

Wall Street again ended negative as Dow jones closed with loss of just around 100 points, European markets closed red, Asian markets indices closed mixed.

The pivot points indicating 19400 is the initial key support level to watch out for, followed by 19300 and 19200. If the index rises it can get resistance at 19500, followed by 19600 and 19700.

Nifty Levels

Nifty Bank


The Banking Index closed at 45270 on a negative note, and traded rangebound throughout the session and touched 45175 at the lower end and 45480 at the higher side. Pivot point suggesting 45000 can act as initial support zone followed by 44800 & 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 1603.15 crore, whereas as domestic institutional investors were the net sellers & sold shares worth 439.01 crore on July 5th.