Nifty Ends Week Near All-Time High, FMCG And Metal Stocks Rally


Nifty opened 60 points gap up at 11231 today and closed near its all-time high of 11282 approx. The index displayed ample confidence and traded above its 5 EMA high (11185 approx) right through the day's trade. Today's rally was backed by strong buying in the FMCG and Metal stocks. Both these sectors were up 2.37% and 1.93% respectively. Massive buying was also seen in the 11300, 11400 and 11500 strike call options. Call option buyers bagged more than 50% profits on their investments in today’s trading session. Nifty might to move up to11500 in the weeks ahead, and the nearest support for the index is around 11190 approx.   

Stocks Under The Scanner
In today’s trade ITC share price rose 5.01%, while IOC share price was also up 4.02%. Dr. Reddy’sshares were down 2.36% today.



The Outlook for 30th July 2018
Nifty Daily Chart Levels
In today’s trade, Nifty closed near its all-time high, which is also the upper Bollinger band (11278 approx) of the index. The August expiry has started with a positive note and the index is likely to find strong support around its 5 EMA high (11185 approx). The nearest resistance for Nifty is 11500 which is also the monthly upper Bollinger band of the index. 



Nifty Hourly Chart Levels
In the hourly charts, the Nifty share price has closed above its 5 HEMA high (11278 approx). The index is likely to find a strong support around its 15 HMA (11200approx). However, if Nifty breaks and trades below its 20 HMA (11190 approx) it will find its next support around its 50 HMA(11110 approx). The nearest resistance for Nifty is around its hourly upper Bollinger band (11300 approx).





The Outlook For 30th July 2018
Bank Nifty Daily Chart Levels
In today’s trade, Bank Nifty share price closed at 27634 approx. The index is likely to find its first support zone around its upper Bollinger band (27500 approx). However, if Bank Nifty breaks and trades below it's 5 EMA high (27340 approx), it will find its nearest support around its 5 DMA (27200 approx). The nearest resistance for Bank Nifty is around its weekly upper Bollinger band (27900 approx).



Bank Nifty Hourly Chart Levels
In the hourly charts, Bank Nifty share price closed around its 5 EMA high (27634 approx). The index will find its nearest support around its 10 HMA (27550 approx). If Bank Nifty breaks and trades below its 15 HMA (27460 approx) it will find its next support around its 20 HMA (27350 approx). In the hourly chart, Bank Nifty is likely to face stiff resistance around its upper Bollinger band (27800 approx).





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India’s benchmark Nifty opened 60 points gap up at 11231 today and closed near its all-time high of 11282 approx. The index displayed ample confidence and traded above its 5 EMA high (11185 approx) right through the day's trade. Today's rally was backed by strong buying in the FMCG and Metal stocks. Both these sectors were up 2.37% and 1.93% respectively. Massive buying was also seen in the 11300, 11400 and 11500 strike call options. Call option buyers bagged more than 50% profits on their investments in today’s trading session. Nifty might to move up to11500 in the weeks ahead, and the nearest support for the index is around 11190 approx.   

Stocks Under The Scanner
In today’s trade ITC share price rose 5.01%, while IOC share price was also up 4.02%. Dr. Reddy’sshares were down 2.36% today.



The Outlook for 30th July 2018
Nifty Daily Chart Levels
In today’s trade, Nifty closed near its all-time high, which is also the upper Bollinger band (11278 approx) of the index. The August expiry has started with a positive note and the index is likely to find strong support around its 5 EMA high (11185 approx). The nearest resistance for Nifty is 11500 which is also the monthly upper Bollinger band of the index. 



Nifty Hourly Chart Levels
In the hourly charts, the Nifty share price has closed above its 5 HEMA high (11278 approx). The index is likely to find a strong support around its 15 HMA (11200approx). However, if Nifty breaks and trades below its 20 HMA (11190 approx) it will find its next support around its 50 HMA(11110 approx). The nearest resistance for Nifty is around its hourly upper Bollinger band (11300 approx).





The Outlook For 30th July 2018
Bank Nifty Daily Chart Levels
In today’s trade, Bank Nifty share price closed at 27634 approx. The index is likely to find its first support zone around its upper Bollinger band (27500 approx). However, if Bank Nifty breaks and trades below it's 5 EMA high (27340 approx), it will find its nearest support around its 5 DMA (27200 approx). The nearest resistance for Bank Nifty is around its weekly upper Bollinger band (27900 approx).



Bank Nifty Hourly Chart Levels
In the hourly charts, Bank Nifty share price closed around its 5 EMA high (27634 approx). The index will find its nearest support around its 10 HMA (27550 approx). If Bank Nifty breaks and trades below its 15 HMA (27460 approx) it will find its next support around its 20 HMA (27350 approx). In the hourly chart, Bank Nifty is likely to face stiff resistance around its upper Bollinger band (27800 approx).





Large Cap, Mid Cap & Small Cap Gainers








 
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