Indian Equity Indices Settle At Fresh All-Time High For Sixth Consecutive Session
Dear Trader…
The Nifty future index ended 123 points or 0.62% higher at 19970.20, while the S&P BSE Sensex surged 474 points or 0.71% and ended at 67,572. Both the indexes recovered from a lacklustre start and hit new all-time highs for the fifth session in a row, with the Nifty 50 closing just below the 20,000 mark.
FII and FPIs, on Thursday saw a net purchase of Rs 3370.90 crore in the cash segment. A total of Rs 8052.83 crore was sold against a total purchase of Rs 11423.73 crore. Domestic institutional investors saw a net sold of Rs 193.02 crore in the cash segment. A total of Rs 8295.29 crore was sold against a total purchase of Rs 8102.27 crore.
Technically, the important key resistances are placed in July Nifty future are at 19970 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 20008 - 20088 levels. Immediate support is placed at 19909 - 19880 levels.
Ø Trading Idea for the derivative stocks….
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