Nifty50 and Bank Nifty

Share Market Live for 23rd July: Nifty and Bank Nifty

Share Market Live for 23rd July: Nifty, Bank Nifty futures live prediction

 

Nifty futures live prediction at 10.25 a.m

If Nifty futures Moves Above 11149 and sustain. Then you should Buy with 1st Target of 11166 during the day with a Stop Loss of 11120 FOR the Target of 11166- 11185- 11212

If Nifty futures Moves Below 11120 and sustain. Then you should Sell with 1st Target of 11092 during the day with a Stop Loss of 11149. FOR the Target of 11092- 11075- 11048

 

Bank Nifty futures live prediction at 10.30 a.m

If Bank Nifty futures  Moves Above 22860 and sustain. Then you should Buy with 1st Target of 22915 during the day with a Stop Loss of  22750. FOR the Target of 22915 – 22955- 23010

If Bank Nifty futures Moves Below 22750 and sustained. Then you should Sell with 1st Target of 22710 during the day with a Stop Loss of 22860. FOR the Target of 22710 – 22665- 22611

 

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Share Market Live for 23rd July: Market opened flat

 

Share Market Live for 23rd July at 10 a.m- Indian markets opened in flat notes as indicated by the Asian markets in the morning. The Nifty futures opened at 11121.35 up by 10.80 points. The Bank Nifty futures opened at 22765.35 levels made a gap down of 38.45 points.

At 10 a.m the Nifty future is trading 0.22% higher whereas the Bank Nifty future is trading lower at 0.10%.

BPCL, Zee Entertainment, and UPL are trading as top gainers whereas Axis Bank, Tech Mahindra, and Infosys are trading as top losers. Reliance, Bajaj Finance, and BPCL are the most active stocks.

Oil & Gas, Metals & Mining, and Insurance sectors are supporting the market whereas profit booking is seen in IT & software and Banking Sectors.

 

You may also like to read, Indian Stock Market Next Week: Nifty, Bank Nifty Prediction

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Share Market Live for 23rd July: Market is expected to open in flat

 

Good morning and welcome to Share Market Live for 23rd July

Share Market Live for 23rd July at 8.45 a.m – Indian market is expected to open in flat today. The indication from the SGX Nifty is mild negative. SGX Nifty is trading 12 points or 0.11%  down.  Asian markets are trading mixed today. Nikkei is closed today and Hang Seng is trading 0.14% higher at this moment.

The US market closed on a positive note yesterday. Dow was up by 0.62% and Nasdaq gained 0.24% yesterday. The European market closed in the red last night. FTSE and CAC closed lower 1% and 1.32% respectively whereas DAX was down by 0.51%. 

In India, yesterday the market closed marginally down. Nifty was down 0.27% and Sensex declined only 16%. The Bank Nifty was gained 0.44% in the end. FIIs were the buyers and DIIs were the sellers in the cash market yesterday. FIIs bought Rs 1665.57 crores and DIIs sold Rs 1138.83 crores in the cash market.

 

News that can influence today’s market

PM Modi addressed India Ideas Summit hosted by US-India Business Council (USIBC) via video conferencing yesterday night. While addressing PM said that India is an emerging land of opportunity and invited investors in Health, Energy, and Insurance sectors.

A fresh tension escalated between the US and China has created some cautiousness in the Asain and US markets. This has also overshadowed the positive sentiments for the hopes of US stimulus

L&T on 22nd July reported a consolidated net profit of Rs 303 crores for the Q1FY21 quarter. The company reported a 79% decline in net profit on a YoY basis. The company’s consolidated gross revenue came at Rs 21260 crore for Q1FY21  which below street estimates.

Today’s results- ABB India, Biocon, PNB Housing Finance, Alankit, HDFC Asset Management Company, etc.

 

You can visit at 10 a.m for more Share Market Live updates and Nifty and Bank Nifty futures Live recommendations.

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