Pre-Market Update - July 6th
Nifty / Bank Nifty, Stocks In News

Nifty 1 Hr Timeframe Analysis

Nifty closed at 19398.50(+0.05%). Nifty facing resistance on upper line of the channel as described in the last blog.

As Nifty is trading ATH, so can expect open movement on the upside on while 19015 can work as a support level on the downside if channel movement broke.

Bank Nifty 1 Hr Timeframe Analysis

 Bank Nifty closed at 45151.80(-0.33%). BN broke the resistance of 44966 as described in yesterday's blog.

 BN may face resistance at the zone of 45600 on the upside while 44966 may work as a support level on the downside.

Stocks in News

• KPI Green Energy Ltd receives commissioning certificates from GEDA for 9.40 MW hybrid power project
• Federal Bank Unveils Innovative Gold Loan Campaign, Showcasing the Transformative Journey of Gold
  
• CRISIL Ratings: FMCG sector to witness 7-9% rise in revenue this fisca
• IndiGo Soars in 'Airlines Top 50' Rankings: Achieves Impressive Climb in 2023 Report

Sector Heat Map 

Heatmap from Trendlyne website

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