Monday, 31 July 2017

31st JULY 2017- OPENING BELL >>Market Is Expected To Remain On The Upside, Till It Goes Below 9940- GET FREE INTRADAY TIPS CALL ON 9644405056

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Last Week, the Indian Benchmark Index Nifty made fresh all time high of 10115 and closed above a psychological level of 10000. However, this rally may not sustain if nifty trades below 9944 (previous day low) and small cap trade below 7700 level. FII & PRO has created a short position in last 10 days for 213259 contracts as shown in Open Interest Position in Index Options table below.

Bank Nifty gave a breakout of its psychological level of 25000 and closed at 24811. Last week 9 Banking stocks have announced their Q1 result out of which Yes Bank and HDFC Bank surprised the market with rallying 7.59% and 2.5% after result announcement.

Nifty to open gap down by 7 points at 10032 against yesterday’s close of 10039 as per SGX Nifty.

The Small Cap Index closed at 7803 after making low of 7701; the Index opened at 7783 and made a high of 7894.

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