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Share Market Closing Note | Indian Stock Market Trading View For 01 August, 2022:

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Topic :- Share Market Closing Note

Nifty ends above 17,300, Sensex reclaims 58,000 led by auto, power, oil & gas.Stock Market Today, June 21, 2022: Share Market Updates, Share Market News  Today, Sensex, Nifty, Share Prices Today

All the sectoral indices ended on positive note with Auto, Power, and Oil & Gas indices gained 2-3 percent.

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Topic :- Time:3.00 PM

Nifty spot close above 17300 level will result in some further upmove in coming sessions and if it closes below above mentioned level then some sluggish movement is likely to follow in the market. Avoid open short positions for tomorrow.

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Topic :- Time:2.10 PM

Just In:

Bank of England set for biggest interest rate rise in 27 years.

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Topic :- Time:2.10 PM

Nifty is zooming and banknifty is turning further bullish now. Nifty spot if manages to trade and sustain above 17320 level then expect some further upmove in the market and if it breaks and trade below 17280 level then some decline can follow in the Nifty.

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Topic :- Time:1.45 PM

LME INVENTORY DATA:

Aluminum down by -2900MT

Copper up by 700MT

Lead down by -625MT

Nickel up by 174MT

Zinc down by -775MT

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Topic :- Time:1.30 PM

NATURALGAS Trading View:

NG is trading at 626.50.If it breaks and trade below 626 level then expect some further decline in it and if it manages to trade and sustain above 627.80 level then some upmove can follow in NG.

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Topic :- Time:1.20 PM

Just In:

Indias manufacturing PMI hits 8-month high in July.

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Topic :- Time:1.00 PM

Nifty is highly rangebound. Nifty spot if now manages to trade and sustain above 17300 level then expect some further upmove in the market and if it breaks and trade below 17260 level then some decline can follow in the Nifty. Currently Nifty spot is trading at 17290.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 655.30.If it breaks and trade below 654.20 level then expect some decline in it and if it manages to trade and sustain above 656.50 level then some upmove can be seen in Copper.

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Topic :- Time:12.20 PM

Nifty is trading in a range. Nifty spot if manages to trade and sustain above 17280 level then expect some upmove and below 17260 level some decline can be seen.

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Topic :- Time:11.00 AM

Nifty is going strong now. Nifty spot if manages to trade and sustain above 17280 level then expect some quick upmove in the market and if it breaks and trade below 17260 level then some decline can follow in the Nifty.

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Topic :- Results on August 1

ITC, UPL, Zomato, Arvind, Bajaj Consumer Care, Barbeque-Nation Hospitality, Carborundum Universal, Castrol India, Escorts Kubota, Eveready Industries India, Indo Count Industries, Kansai Nerolac Paints, Max Financial Services, Prudent Corporate Advisory Services, Punjab & Sind Bank, The Ramco Cements, RateGain Travel Technologies, Thyrocare Technologies, Triveni Turbine, and Varun Beverages will be in focus ahead of June quarter earnings on August 1.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 01 August, 2022:

Nifty to trade volatile and is likely to follow global cues.

Nifty spot if manages to trade and sustain above 17200 level then expect some upmove in the market and if it breaks and trade below 17100 level then some decline can be seen in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.

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