Pre-Market Monday Asian market negative trading, Nifty50 on the SGX were trading lower at 15625.50 - 127.50 points - Enrich Commodities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/06/0d6c7bd8af7c9a519f8f48a729ce88c8.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
NIFTY MORNING OUTLOOK
Pre-Market Monday! Asian market negative trading, Nifty50 on the SGX were trading lower at 15625.50 - 127.50 points on indicating gap down opening for the NSE.
At the close in NSE, the Nifty 50 declined 0.05%, while the BSE Sensex 30 index climbed 0.04%.
The biggest gainers of the session on the Nifty 50 were Adani Ports and Special Economic Zone Ltd, which rose 7.33% or 47.45 points to trade at 694.35 at the close. Bajaj Auto Ltd added 2.79% or 113.20 points to end at 4167.10 and Hindustan Unilever Ltd. was up 2.70% or 65.20 points to 2482.90 in late trade.
Biggest losers included Oil and Natural Gas Corporation Ltd, which lost 3.88% or 4.85 points to trade at 120.25 in late trade. Coal India Ltd declined 3.78% or 5.75 points to end at 146.40 and JSW Steel Ltd shed 3.70% or 25.75 points to 670.60.
The breadth, indicating the overall health of the market, 1945 fell and 1120 advanced, while 128 ended unchanged on the India National Stock Exchange.
Rupee desk: The USD/INR was down 0.37% to 73.891.
Technical outlook
Nifty daily chart has formed "Rising channel" pattern. The last session ended up sideways mode creating a Hammer candle, along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the Hammers Bullish reversal action, once the same break above a key resistance holding near 15770. The upside rally could be testing all the way up to 15900 & furthermore new levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 15630. A slide to 15500-15350 new levels is also a possibility if the price makes or break below the current support level.
Technical Chart
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v89_Wex0B3E.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Zomato07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Piyush Goyal07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v38_zDiylqc.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Prashant Thakur ANAROCK Group.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v152_BhgJWbe.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Top News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/09/417c6ddc9c7a09bd7a423cbdf4c2f776.jpg)
Markets precariously poised
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/fe8534932efc96b9b08ca9a64baa9949.jpg)
A slide to 6360 is also a possibility if the price makes or break above the current resistan...
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/93aa1bfff201158d82618c56fabdaffa.jpg)
Nifty opened on a flat note and remained in a small range throughout the day - Jainam Share ...
![The Markets are expected to open marginally higher today as trend in SGX nifty indicate a positive start - ARETE Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/33e70e00e5b43ac01b570b02671408b3.jpg)
![Nifty extended gains for the seventh session in a row and rose nearly half a percent - Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![Nifty has an immediate resistance placed at 19740 and on a decisive close above expect a rise to 19800-19870 levels - Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/b08ce2b107c19a4b9d798c9c9510b574.jpg)