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New Update
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BY A STAFF REPORTER
Yesterday the day of July expiry session started with a higher opening at 15762, then down side took support at 15737 < day’s low > & bounced upto 15817 but finally settled at crucial 15778 above 15750, day to day basis rose 69 points.
Nifty formed a small bullish green candle. This is the 1st Green as Closing was higher than the opening after three straight sessions of losses amid positive Asian cues.
Here Metal sectors shining anticipating high demand after huge infrastructure fiscal package was finalised in the US.
Nifty further still lying in range-bound phase of 300 points & directionless. Range is 15600 on the downside and 15900 on the upside. Both these levels are crucial and a trending directional move possible only after breaking this range either side.
On the down side :-
Any fresh Weakness can be expected in the next session if Nifty closes below 15737 levels, which may initially lead to the test 15698/680 < 50DMA > & then 15666. Expected Major Support 15620-15585.
On the Upside:-
Immediate Trend deciding hurdle 15820.Some stability beyond 15820 can, however, strengthen the intraday strength towards 15857-15888 & even upto major resistance 15900/917.
The Option data indicates that the Nifty can see a broader trading range of 15500-16000.
India VIX fell 5.44% from 13.69 to 12.94 levels.
Nifty formed a small bullish green candle. This is the 1st Green as Closing was higher than the opening after three straight sessions of losses amid positive Asian cues.
Here Metal sectors shining anticipating high demand after huge infrastructure fiscal package was finalised in the US.
Nifty further still lying in range-bound phase of 300 points & directionless. Range is 15600 on the downside and 15900 on the upside. Both these levels are crucial and a trending directional move possible only after breaking this range either side.
On the down side :-
Any fresh Weakness can be expected in the next session if Nifty closes below 15737 levels, which may initially lead to the test 15698/680 < 50DMA > & then 15666. Expected Major Support 15620-15585.
On the Upside:-
Immediate Trend deciding hurdle 15820.Some stability beyond 15820 can, however, strengthen the intraday strength towards 15857-15888 & even upto major resistance 15900/917.
The Option data indicates that the Nifty can see a broader trading range of 15500-16000.
India VIX fell 5.44% from 13.69 to 12.94 levels.