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Nifty Future has resistance at 15888 – 15909 Point; above which other resistance levels are at 15919 - 16930 Point with highly Volatile Trend,
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Indian equity benchmarks ended in green on Wednesday tracking gains mainly in IT, TECK and Capital Goods stocks.
FII and FPIs, on Tuesday saw a net sold of Rs 1303.95 crore in the cash segment. A total of Rs 6538.15 crore was sold against a total purchase of Rs 5234.20 crore. Domestic institutional investors today saw a net purchase of Rs 1335.91 crore in the cash segment. A total of Rs 3749.16 crore was sold against a total purchase of Rs 5085.07 crore.
Ø INDEX MOVEMENT – 15.07.2021
Ø Nifty Future closed @ 15869 as on 14.07.2021..!!
Dear Traders,
Nifty Future has resistance at 15888 – 15909 Point; above which other resistance levels are at 15919 - 16930 Point with highly Volatile Trend,
Nifty Future has Downside support levels are at 15808– 15760 Point; below 15760 Point, other support levels are at 15737 - 15707 Point.
As we are saying from many days, Buying is suggested in falls only...and it’s still a better strategy in the given Scenario, regarding Long term positions, it is preferable to remain cautious now...!!
If Nifty Future crosses @ 15909 Point, again then the upper side target is quite high and it may touch @ 15919 Point in the short term...!!!
Bank Nifty Future has Downside support levels are at 35676 – 35575 Point; below 35575 Point, other support levels are at 35474 – 35373 Point.
I am positive for the next bullish trend only above @ 36008 Point but be with the trend. Let the market decide further moves.
Ø Trading Idea for the derivative stocks….
Ø TITAN LTD @ Positive Trend @ Rs 1690 with Stoploss of Rs @ 1677 for the Target near @ Rs 1734 - 1740 in short term…..!!!
Ø LARSEN LTD @ Positive Trend @ Rs 1508 with Stoploss of Rs @ 1494 for the Target near @ Rs 1547 – 1560 in short term…..!!!
Ø INDUSIND BANK @ Positive Trend @ Rs 1033 with Stoploss of Rs @ 1019 for the Target near @ Rs 1074 – 1080 in short term…..!!!
Ø INDIGO @ Negative Trend @ Rs 1848 with Stop loss of Rs @ 1860 for the Target near @ Rs 1808 – 1797 in short term...!!!
Ø BATA INDIA @ Negative Trend @ Rs 1627 with Stop loss of Rs @ 1634 for the Target near @ Rs 1577 - 1570 in short term...!!!
Ø TATA STEEL @ Negative Trend @ Rs 1277 with Stop loss of Rs @ 1284 for the Target near @ Rs 1230 - 1218 in short term...!!!
Ø AURO PHARMA @ Negative Trend @ Rs 980 with Stop loss of Rs @ 994 for the Target near @ Rs 944 – 930 in short term...!!!
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