Daily Stock Market Research Report(Summary) 26-07-2022

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At the closing bell, the index momentum had flipped downwards, forming a strong red body. Price has historically taken support at the long term average(Blue line) and has been consolidating near the average after reversing from the 50% Fibonacci level. The ratio chart in the lower panel is also showing signs of topping out(detrending). To summarise, based on data observations , this week nifty may be in consolidation before any impulse move in the august series.
On the sectorial front , NiftyMedia (0.83%) have ended marginally positive and NiftyIT(-2.79%) and NIftyFMCG(-1.51%) were  closed on the negative note. As per the sentimental level represented by open interest  16600- 16700 might act as immediate  resistance and the down side 16500 – 16000 level might act as a support.




Top Traded –   

Best 5 –                    

Worst 5 – 

All Time High –



Index Spot Summary

Nifty Derivative Summary Expiry 28-07-2022
Highest OI  – 17000CE/ 16700CE & 16000PE/ 16500PE

BankNifty SummaryExpiry 28-07-2022

Highest OI  –  36500CE/ 37000CE & 36500PE/ 36000PE

Stocks with Volume Breakout (2 times )
Add these stocks in watchlist for upcoming trading days

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