- US markets closed on a positive note yesterday
- Asian markets trading mixed
- SGX Nifty indicating a negative opening of 52 points loss
- FIIs net bought shares worth Rs 532.94 crore while DIIs net sold shares worth Rs 231.80 crore
- Globally markets are consolidating on positive bias
- If we look at Nifty it closed around 15800 on 11th June and today 8th July we might open around 15800 one month of long consolidation we have not gone any where
- This is a long consolidation and we can expect markets either breakout or breakdown
- Probability of breakout is higher given we are in results season starting with TCS today
- Weekly expiry today there expiry related volatility will be there
Nifty/Banknifty for 8 July 21
Nifty : 15879
Resist : 15890 & 15915
Suppt: 15820 & 15790
PCR : 1.38
Banknifty : 35771
Resist: 36000 & 36515
Suppt: 35490 & 35380
PCR: 1.07