Pre-Market Update - July 24th
Nifty / Bank Nifty, Stocks In News

Nifty 1 Hr Timeframe Analysis

Nifty closed at 19745(-1.17%). Nifty was rejected from the upper channel trendline as described in the last blog.

As Nifty traded in range and 19650 zone can work as support on the downside while 19856 may work as resistance on the upside.

Bank Nifty 1 Hr Timeframe Analysis

 Bank Nifty closed at 46075.20(-0.24%). BN reacted from the resistance of 46253 as described in yesterday's blog.

 BN may face resistance at the zone of 46253 on the upside while 45902 may work as a support level on the downside.

Stocks in News

• Indraprastha Gas Ltd Q1 FY2024 consolidated PAT increases to Rs. 521.99 crores
• Cyient DLM Limited receives award from Government of Karnataka
• Naukri Internet Services Ltd to invest Rs. 20 crores in Startup Investments Holding Ltd
• High Energy Batteries India Ltd posts net profit of Rs. 5.94 crore in Q1 FY2024

Sector Heat Map 

Heatmap from Trendlyne website

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