Money Trend 02 July 2020
CNX Nifty CMP 10431
Daily Chart Synopsis
Post gap up opening yesterday, Nifty took support at 10300 and
witnessed a rebound upto 10430 at end of the day to close on a
1.3% positive note.
Going Forward, Till Index holds 10350-10370 zone, it can witness
an continuation of yesterday’s rebound upto 10490-10510.
Below 10350, further downside upto 10280-10250 will be
witnessed.
On Cross-over & sustenance above 10510, Further Short-covering
upto 10570-10610 will be on the cards.
Tracking the Derivatives Data, Highest OI is witnessed in 10500
Calls (32 Lakhs) & 10300 Put (38 Lakhs each) suggesting a range
shift 10050 to 10510 with a sideways to negative bias for the
current expiry.
10500 PCR at 0.10 implies Index to face resistance on rises around
10520-10540 & 10300 PCR at 3 and 10200 PCR at 0.9 indicates
support on dips around 10350-10370 followed by 10280.
Expected Trading Range 10350 – 10550.
Close R1 R2 R3 S1 S2 S3
10430 10490 10545 10590 10380 10330 10280
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Money Trend 02 July 2020
BANKChart
Daily Nifty Synopsis CMP 21977
Going Forward, Till Index holds 21700-21750 zone, it can
witness an acceleration of the yesterday’s up-move upto
22300-22350.
Below 21700, further downside upto 21450-21300 will be
witnessed.
On Cross-over & sustenance above 22350, Further Short-
covering upto 22600-22850 will be on the cards.
Close R1 R2 R3 S1 S2 S3
21970 22290 22550 22830 21700 21450 21250
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Money Trend 02 July 2020
Research Team
Vivek Mahajan Hemant Thukral
Head of Research Head – Derivatives Desk
022-6819 0549 022-6819 0550
[email protected] [email protected]
Fundamental Team
Vidrum Mehta Auto 022-6819 0537 [email protected]
Jaymin Trivedi Banking & Finance 022-6819 0511 [email protected]
Suresh Gardas Pharma & Chemicals 022-6819 0513 [email protected]
Mahavir Jain Mid - Cap 022 6819 0518 [email protected]
Mohan Jaiswal Technical Analyst 022-6819 0515 [email protected]
Salim Hajiani Equity Advisor 022-6819 0512 [email protected]
Pradeep Parkar Equity Advisor 022-6819 0514 [email protected]
Hemal Shah Equity Advisor 022-6819 0552 [email protected]
Advik Shetty Research Associate 022-268190541 [email protected]
Quantitative Team
Sudeep Shah Sr. Technical Analyst 022-6819 0523 [email protected]
Smita Dhale Assistant Manager – Derivative Desk 022-6819 0519 [email protected]
ABML research is also accessible in Bloomberg at ABMR
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Money Trend 02 July 2020
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