Nifty 50 - Key highlight - The gains made post SEBI directive on P-notes have vanished now. The forced short-covering ended on the FnO Expiry day - 27th July.
Nifty 500 - Some Pain still left, trading below key support of 8496.
Nifty IT - Rally started post SEBI directive on P-Notes on 10th July, a flag formation at highs now, can move either way. If retraces on downside to 10th July levels, it will be healthy for the markets going ahead, because that was the normal level for the index.
Nifty FMCG - A rally post GST rate cut on Cegreate and a equally drastic fall, leaving buyers at highs holding the stocks. Support comes at lower levels of about 23800 for the index.
Nifty Auto - Auto Index is near to its support levels, can test lower end of support at 10210.
Nifty Metal - Index has seen some quick retracement like others, staying above 3150 is key, more bearishness below 3150.
Nifty CPSE - Nifty CPSE is likely to test 2236-2110 support range going ahead.
Nifty Realty - Under strong unwinding pressure, more correction / consolidation likely.
Nifty 500 - Some Pain still left, trading below key support of 8496.
Nifty IT - Rally started post SEBI directive on P-Notes on 10th July, a flag formation at highs now, can move either way. If retraces on downside to 10th July levels, it will be healthy for the markets going ahead, because that was the normal level for the index.
Nifty FMCG - A rally post GST rate cut on Cegreate and a equally drastic fall, leaving buyers at highs holding the stocks. Support comes at lower levels of about 23800 for the index.
Nifty Auto - Auto Index is near to its support levels, can test lower end of support at 10210.
Nifty Metal - Index has seen some quick retracement like others, staying above 3150 is key, more bearishness below 3150.
Nifty CPSE - Nifty CPSE is likely to test 2236-2110 support range going ahead.
Nifty Realty - Under strong unwinding pressure, more correction / consolidation likely.
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