Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

Stock Market Daily Updates: 19 July 2021

Bank Nifty Future has Downside support levels are at 35008 – 34909 Point; below 34909 Point, other support levels are at 34838 – 34707 Point.

Photo Credit : PTI

1524463760_fFiZnp_bse10_pti-870.jpg

FII-foreign institutional investors, foreign portfolio investors-FPIs, on Monday saw a net sold of Rs 2198.71 crore in the cash segment. A total of Rs 8565.49 crore was sold against a total purchase of Rs 6366.78 crore. DII-domestic institutional investors today saw a net purchase of Rs 1047.66 crore in the cash segment. A total of Rs 4865.64 crore was sold against a total purchase of Rs 5913.30 crore.

Today, the markets are likely to extend previous session’s losses with following weakness in global peers amid concerns over the resurgence of coronavirus cases in many countries. 

There will be some cautiousness with a private report that Investments by private equity and venture capital funds declined by 22 per cent to $5.4 billion in June, as compared to the $6.9 billion in the year-ago period.

Additionally, notwithstanding the second wave of COVID-19, Chief Economic Adviser (CEA) K V Subramanian expressed hope that economic growth during the current financial year would be around 11 per cent as projected in the latest Economic Survey. He also said the overall impact of the second wave on the economy will not be very large.

Ø INDEX MOVEMENT - 20.07.2021

Ø Nifty Future closed @ 15752 as on 19.07.2021..!!

Dear Traders,

Bank Nifty Future has Downside support levels are at 35008 – 34909 Point; below 34909 Point, other support levels are at 34838 – 34707 Point.

Ø Trading Idea for the derivative stocks….

Ø BATA INDIA @ Positive Trend @ Rs 1580 with Stoploss of Rs @ 1573 for the Target near @ Rs 1633 - 1640 in short term…..!!!

Ø INFOSYS LTD @ Positive Trend @ Rs 1530 with Stoploss of Rs @ 1517 for the Target near @ Rs 1560 – 1577 in short term…..!!!

Ø LUPIN LTD @ Positive Trend @ Rs 1160 with Stoploss of Rs @ 1147 for the Target near @ Rs 1202 – 1212 in short term…..!!!


Ø CIPLA LTD @ Positive Trend @ Rs 960 with Stoploss of Rs @ 953 for the Target near @ Rs 823 – 830 in short term…..!!!


Ø KOTAK BANK @ Negative Trend @ Rs 1747 with Stop loss of Rs @ 1760 for the Target near @ Rs 1707 – 169 in short term...!!!

Ø GODREJ PROP. @ Negative Trend @ Rs 1597 with Stop loss of Rs @ 1606 for the Target near @ Rs 1547 - 1533 in short term...!!

Ø TATA STEEL @ Negative Trend @ Rs 1290 with Stop loss of Rs @ 1297 for the Target near @ Rs 1247 - 1233 in short term...!!!

Ø HCL TECHNO. @ Negative Trend @ Rs 1017 with Stop loss of Rs @ 1033 for the Target near @ Rs 980 – 968 in short term...!!!

Note :- Before Act please refer & agree Terms & conditions, Disclaimer, privacy policy & agreement on www.nikhilbhatt.in

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.

More From The Author >>