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The Sensex fell 690 points to close at 82,500 on Friday (July 11) on the last trading day of the week.
The date of July 15 in the week starting tomorrow is going to be important for the stock market. According to Harshubh Shah, director of wealth analytics, traders should stay on high-alert on this day. At the same time, he has given some special time and level in his weekly market report.
Apart from this, retail and wholesale inflation figures, the results of the first quarter companies, the purchase and sale of foreign investors and technical factors will decide the market moves.
Let us understand what can happen in the market this week…
Important level of Nifty
Support Zone: 25,085 / 24,978 / 24,850 / 24,676 / 24,538 / 25,450
Support means the level where the share or index falls from falling down. The price does not go down easily due to increasing shopping here. You can get a chance to shop at these levels.
Resistance Zone: 25,320 / 25,434 / 25,566 / 25,600 / 25,911 / 26,230
Resistance, ie, the level where the stock or index is hindered. This happens due to increasing selling. If the Nifty Registration crosses the zone, a new fast may occur.
Important for the date market of July 15
Wealth has described July 15 as High Alert Day. It also includes margin of ± 1 trading day. That is, on 14 or 16 July, there can be a faster movement in the market. During this time, Intrade Traders can get a chance to take advantage of the big movement.
Wealthy advice is to closely monitor the market move and prepare your trading plan on the basis of these levels and time.
In the previous report, July 10 was said to be important
Welthview Analytics, in its previous report, described July 10 as a possible trade Reversal Day. It was advisable to closely monitor the high and low levels of that day. The market declined sharply on Friday after breaking the high and low levels of this day.
Now 5 factors who can decide the direction of the market…
1. quarterly results: Everyone will be watching the quarterly results of companies next week. Many big companies like HCL Tech, Tech Mahindra, Axis Bank, ICICI Bank, Wipro, JSW Steel, L&T Finance and HDFC Bank will declare their results.
2. Domestic figures: Investors will keep an eye on the bulk inflation and retail inflation figures of June coming on 14 July. These figures will give important indications about the health of the economy. Wholesale inflation was 0.39% in May. Retail inflation was 2.82%.
3. Global events: There is uncertainty about the possible tariff policies of Trump administration worldwide, which is affecting the market mood. However, some positive atmosphere is also being created between India and the United States expecting a early trade agreement.
4. Foreign Investors: Everyone will also keep an eye on the purchase and sale of foreign institutional investors (FIIs). On Friday, FII sold Rs 5,155.68 crore. Domestic institutional investors (DII) were seen supporting the market with a purchase of Rs 3,482.95 crore.
5. Technical Factor: According to Ajit Mishra, SVP (Research) of Railor’s Broking Limited, market fluctuations are expected to continue between global uncertainties and quarterly results.
- Mishra said- Nifty has gone below its short-term moving average-20-day EMA and is in the previous consolidation range of 24,500–25,200. This breakdown has disrupted market positive directions.
- The area of 24,500-24,900 at the bottom will serve as a major support zone, while 25,550 will be a significant blockage when rebounds upwards. The major resistance is at 25,750.
Three new IPOs and 6 new listings will be
Three new public issues are going to open in the primary market next week. These include the IPO of Anthem Biosciences in the mainboard segment and two other issues in the SME segment. There will also be six new listings.
On Friday, the Sensex fell 690 points to close at 82,500
The Sensex fell 690 points to close at 82,500 on Friday (July 11) on the last trading day of the week. The Nifty fell by 205 points, it closed at 25,150 levels.
Out of 30 Sensex’s 30 shares, 23 shares declined and 7 declined. A total of 14 shares, including TCS, Mahindra and Tata Motors, declined from 1% to 3.5%.
