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Stock Market Daily Updates: 19 July 2021

Nifty Future has Downside support levels are at 15909– 15888 Point; below 15888 Point, other support levels are at 15838 - 15808 Point.

Photo Credit :

1610520139_T1H1DR_Stock_Market.jpg

FII-foreign institutional investors, foreign portfolio investors-FPIs, on Friday saw a net sold of Rs 466.30 crore in the cash segment. A total of Rs 5454.64 crore was sold against a total purchase of Rs 4988.34 crore. DII-domestic institutional investors today saw a net purchase of Rs 666.07 crore in the cash segment. A total of Rs 4953.22 crore was sold against a total purchase of Rs 5619.29 crore.

Last week as the FIIs remained net sellers, the markets received support from DIIs.

Ø INDEX MOVEMENT - 19.07.2021

Ø Nifty Future closed @ 15936 as on 16.07.2021..!!

Nifty Future has Downside support levels are at 15909– 15888 Point; below 15888 Point, other support levels are at 15838 - 15808 Point.

I am positive for the next bullish trend only above @ 16006 Point but be with the trend. Let the market decide further moves.

If Nifty Future crosses @ 16006 Point, again then the upper side target is quite high and it may touch @ 16088 Point in the short term...!!!

Ø Bank Nifty Future closed @ 35856 as on 16.07.2021..!!

Dear Traders,

Bank Nifty Future has resistance at 36006 – 36106 Point; above which other resistance levels are at 36202 – 36272 Point with highly Volatile Trend,

I am positive for the next bullish trend only above @ 36272 Point but be with the trend. Let the market decide further moves.

Ø Trading Idea for the derivative stocks….

Ø INDIGO @ Positive Trend @ Rs 1787 with Stoploss of Rs @ 1770 for the Target near @ Rs 1833 - 1848 in short term…..!!!

Ø KOTAK BANK @ Positive Trend @ Rs 1727 with Stoploss of Rs @ 1707 for the Target near @ Rs 1773 – 1780 in short term…..!!!

Ø GODREJ PROP. @ Positive Trend @ Rs 1533 with Stoploss of Rs @ 1517 for the Target near @ Rs 1593 – 1606 in short term…..!!!

Ø TITAN LTD @ Negative Trend @ Rs 1733 with Stop loss of Rs @ 1750 for the Target near @ Rs 1680 – 1666 in short term...!!!

Ø HDFC BANK @ Negative Trend @ Rs 1540 with Stop loss of Rs @ 1547 for the Target near @ Rs 1505 - 1490 in short term...!!!

Ø ESCORTS LTD @ Negative Trend @ Rs 1230 with Stop loss of Rs @ 1237 for the Target near @ Rs 1180 - 1166 in short term...!!!

Ø TATA CHEMICAL @ Negative Trend @ Rs 797 with Stop loss of Rs @ 808 for the Target near @ Rs 770 – 757 in short term...!!!

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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