Pre-Market Update - July 27th
Nifty / Bank Nifty, Stocks In News

Nifty 1 Hr Timeframe Analysis

Nifty closed at 19778.30(+0.50%). Nifty was rejected from the upper channel trendline as described in the last blog.

As Nifty traded below gapped down zone 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 46062.35(+0.47%). 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 45412 may work as a support level on the downside.

Stocks in News

• Vesuvius India Limited approves capex proposal of Rs. 87.70 crores
• Som Distilleries and Breweries Ltd captures 46% market share in Madhya Pradesh
• Marico makes strategic investment in clean, plant-based nutrition brand 'Plix
• Mahindra and Mahindra Ltd acquires stake in RBL Bank Limited

Sector Heat Map 

Heatmap from Trendlyne website

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