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Stock Market Daily Updates: 15 July 2021

Nifty Future has resistance at 15888 – 15909 Point; above which other resistance levels are at 15919 - 16930 Point with highly Volatile Trend,

Photo Credit :

1612866925_q90Bev_2021_02_09T040221Z_1_LYNXMPEH18076_RTROPTP_4_INDIA_MARKETS.JPG

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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Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.


Nikhil Bhatt | Research Analyst - SEBI

The author is a well established entrepreneur having a more than 16 years of experience in the field of stock market and financial management.

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