Pre-Market Update - July 7th
Nifty / Bank Nifty, Stocks In News

Nifty 1 Hr Timeframe Analysis

Nifty closed at 19497.30(+0.51%). Nifty traded above the resistance zone of 19400 as described in the last blog.

As Nifty is trading ATH, so can expect open movement on the upside on while 19333 zone can work as a support level on the downside if channel movement broke.

Bank Nifty 1 Hr Timeframe Analysis

 Bank Nifty closed at 45339.90(+0.42%). BN broke the resistance of 44966  but didn't sustain and reverse 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

• Cummins India Limited launches CPCBIV+ compliant power solutions
• Triveni Engineering and Industries Ltd updates on Triveni Sports Private Limited
  
• Adani Green Energy Limited to raise up to Rs. 12,300 crores through QIP
• Goldiam International Ltd receives export orders worth Rs. 30 crores

Sector Heat Map 

Heatmap from Trendlyne website

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