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Nifty outlook
The Indian markets traded with mixed sentiments last week and witnessed sharp short covering move from its immediate support level of 11,100. However, the Nifty closed above 11,100 which might act as immediate support level and might be crucial for this week as the monthly expiry is on July 30 (Thursday). On Friday, Nifty managed to close at 11,194.20, slashing 21.30 points. Technology stocks traded with positive sentiments whereas metal, PSU banks and financial stocks closed in the red. Nifty bank closed at 22,662, slashing 421.90 points from the previous day’s closing.
The Indian markets traded with mixed sentiments last week and witnessed sharp short covering move from its immediate support level of 11,100. However, the Nifty closed above 11,100 which might act as immediate support level and might be crucial for this week as the monthly expiry is on July 30 (Thursday). On Friday, Nifty managed to close at 11,194.20, slashing 21.30 points. Technology stocks traded with positive sentiments whereas metal, PSU banks and financial stocks closed in the red. Nifty bank closed at 22,662, slashing 421.90 points from the previous day’s closing.
As per weekly option data, handful of
