Pre-Market Update - July 11th
Nifty / Bank Nifty, Stocks In News

Nifty 1 Hr Timeframe Analysis

Nifty closed at 19355.90(+0.12%). Nifty traded found support on zone around 19333 as described in the last blog.

As Nifty traded in range and 19333 zone can work as support on the downside while 19484 zone may work as resistance on the upside.

Bank Nifty 1 Hr Timeframe Analysis

 Bank Nifty closed at 44860.85(-0.14%). BN gapped down from the resistance zone of 45300 as described in yesterday's blog.

 BN may face resistance at the zone of 45260 on the upside while 44798 may work as a support level on the downside.

Stocks in News

• Vivid Mercantile Ltd Q1FY24 PAT lower at Rs. 40.90 lakhs
• SBI to offer 40 lakh shares in the IPO of NSDL
  
• ESAF Small Finance Bank refiles DRHP for its Rs 629 crore IPO
• Essar Oil UK to expand fuel distribution into South East following agreement with Oikos Storage

Sector Heat Map 

Heatmap from Trendlyne website

Analysis by
Dixit from MT Team
Equity Research Analyst (Technical & Fundamental). Experienced Index Analyst.