Stock Market Daily Updates: 28 July 2021


Dear Trader…

Some help got here in as the federal government’s complete tax assortment within the April-June quarter grew about 86 per cent to greater than Rs 5.57 lakh crore. 

FII-foreign institutional buyers, overseas portfolio investors-FPIs, on Tuesday noticed a internet offered of Rs 1459.08 crore within the money phase. A complete of Rs 9981.50 crore was offered towards a complete buy of Rs 8522.42 crore. DII-domestic institutional buyers at this time noticed a internet buy of Rs 729.96 crore within the money phase. A complete of Rs 5602.50 crore was offered towards a complete buy of Rs 6332.46 crore.

Today session is more likely to be cautious amid weak world cues. There will likely be some volatility within the run-up to Thursday’s F&O expiry.

Ø INDEX MOVEMENT – 28.07.2021

Ø Nifty Future closed @ 15734 as on 27.07.2021..!!

Dear Traders,

Nifty Future has Downside help ranges are at 15707 – 15676 Point; beneath 15676 Point, different help ranges are at 15636 – 15606 Point.

I’m optimistic for the following bullish pattern solely above @ 15808 Point however be with the pattern. Let the market determine additional strikes.

Ø Bank Nifty Future closed @ 34817 as on 27.07.2021..!!

Bank Nifty Future has resistance at 34888 – 35008 Point; above which different resistance ranges are at 35188 – 35303 Point with extremely Volatile Trend,

Bank Nifty Future has Downside help ranges are at 35770 – 34676 Point; beneath 34676 Point, different help ranges are at 34606 – 34474 Point.

I’m optimistic for the following bullish pattern solely above @ 35008 Point however be with the pattern. Let the market determine additional strikes.

As we’re saying from many days, Buying is usually recommended in falls solely…and it’s nonetheless a greater technique within the given Scenario, relating to Long time period positions, it’s preferable to stay cautious now…!!

If Bank Nifty Future crosses @ 35008 Point, once more then the higher facet goal is sort of excessive and it might contact @ 35303 Point within the brief time period…!!

Ø Trading Idea for the by-product shares….

Ø RELIANCE IND. @ Positive Trend @ Rs 2017 with Stoploss of Rs @ 2002 for the Target close to @ Rs 2073 – 2080 in brief time period…..!!!

Ø LARSEN LTD @ Positive Trend @ Rs 1506 with Stoploss of Rs @ 1544 for the Target close to @ Rs 1603 – 1613 in brief time period…..!!!

Ø TECHM @ Positive Trend @ Rs 1108 with Stoploss of Rs @ 1093 for the Target close to @ Rs 1137 – 1150 in brief time period…..!!!

Ø HCL TECHNO. @ Positive Trend @ Rs 966 with Stoploss of Rs @ 959 for the Target close to @ Rs 1004 – 1014 in brief time period…..!!!

Ø INDIGO @ Negative Trend @ Rs 1737 with Stop lack of Rs @ 1744 for the Target close to @ Rs 1688 – 1680 in brief time period…!!!

Ø BATA INDIA @ Negative Trend @ Rs 1606 with Stop lack of Rs @ 1616 for the Target close to @ Rs 1566 – 1550 in brief time period…!!!

Ø TATA STEEL @ Negative Trend @ Rs 1360 with Stop lack of Rs @ 1367 for the Target close to @ Rs 1318 – 1308 in brief time period…!!!

Ø AURO PHARMA @ Negative Trend @ Rs 922 with Stop lack of Rs @ 930 for the Target close to @ Rs 896 – 880 in brief time period…!!!

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