Pre-Market Update - July 17th
Nifty / Bank Nifty, Stocks In News

Nifty 1 Hr Timeframe Analysis

Nifty closed at 19564.50(+0.78%). Nifty trade found support on zone around 19450 as described in the last blog.

As Nifty traded in range and 19333 zone can work as support on the downside while there is no resistance on the upside.

Bank Nifty 1 Hr Timeframe Analysis

 Bank Nifty closed at 44819.30(+0.35%). BN reacted from the resistance of 44872 as described in yesterday's blog.

 BN may face resistance at the zone of 45550 on the upside while 44570 may work as a support level on the downside.

Stocks in News

• Manali Petrochemicals arm forms subsidiary in Germany
• Alphageo India receives order of Rs. 39.33 crores from ONGC
• Trident Lifeline Ltd Q1 FY2023-24 PAT at Rs. 1.40 crore
• Rallis India Ltd Q1 FY2024 PAT at Rs. 63 crores

Sector Heat Map 

Heatmap from Trendlyne website

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