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Daily Market Commentary - July 1, 2020 - Bonanza Portfolio

Posted On: 2020-07-02 03:06:39


Mr. Vishal Wagh, Research Head

Nifty opened flattish on the back of the mixed bag global market and witnessed consistent buying post first half an hour. Nifty managed to cut a hurdle of 10410 and close above it at 10430.

Market breadth remained in favor of bulls. For every three gainers, there were a couple of losers. Nifty IT, Auto, Pharma and Realty closed in the red. The rest of the sectoral indices closed in the green. India VIX contracted by more than 3% closed above 28, USDINR trading at 75.58.

Going forward, major support will be seen around 10220 and Resistance will be 10550.


Source: Equity Bulls

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