Pre-Market Updates on 02-AUGUST-2021
When we look in to the Asian markets on Monday, we can see the stock markets are mixed opening. Nikkei is trading at 1.68% higher today and Hang Seng 0.68% upside. Shanghai also trading at green today. Also SGX Nifty is trading 117 points upside which means 0.74% upside. Because of this India's market can be open slightly upper today. The US market index Dow Jones, S&P 500 closed lower on Friday by 0.42% and 0.54% respectively. Nasdaq also down by 0.71%.Bank nifty on Friday not much movement, and Not too good to trade in them, still got some profits. Bank Nifty trading range was 34494 and 34737. And it never break out from that levels till closing time. Bank nifty closed at 34576. Now lets come to Nifty, till 1.35pm there was no movement in the nifty after that got movement on both the side. Nifty closed at 15773.
BANKNIFTY/NIFTY LEVELS TO BUY/SELL ON 02-AUGUST-2021
- Bank nifty intraday support levels are 34490,34360,34155,3470
- Bank nifty resistance levels are 34750,34810,34950,35100
- Bank nifty more bullish above 36000 possible.
- Bank nifty weak below 33950 levels
- Nifty resistance levels are 15820,15860,15900,15960
- Nifty support levels 15765,15740,15710,15656,15580
- Nifty bullish above 16000
- Nifty more weak below 15560 may possible.
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Live Intraday Levels and Stock market updates
- Both Bank Nifty and Nifty are in sideways and any movement possible when break from that range, can move on either side.
- Bank nifty current support at 34725 and Nifty support at 15830
- Bank nifty only weak below 34715-34705
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