On Tuesday, the spot Nifty and Sensex opened higher while Banknifty opened lower around -25 points. Today the market was highly volatile and spot Nifty traded in the zone of 11076.30 to 10985.30. The market sudden shoots up during the trading time and came down in the closing bell. Trading indices i.e. Nifty, Niftybank, and Sensex settled in red and lost -36.90, -203.65 and -74.48 points respectively.
Today spot Nifty open at 11063.90 made high of 11076.30 low 10985.30 and settled at 11017. Niftybank opened at 28163.55 and stay volatile between 28215.40 to 27839.65 settled at 27982.45. Sensex opened at 37441.75 and moved up and down in the range of 37511.55 to 37219.90.
As per our last view, i.e. below 11080 Nifty will be down and above will be up. Today the spot Nifty went up to 11076.30 and came back and fallen till 10985 at the support of 10990. For the spot Nifty 11026.50 will be the level to take it upside toward 11080 to 11150. If the spot Nifty will trade below 11026.50 then it may come down till 10900 for the trading day 21 august 2019.
The spot Nifty is trading between its resistance and trend line as we can see in the chart above. Technically, if the spot Nifty will break above 11150 then it will move upside and if it breaks and sustains below of 10990 then it will come down. From the chart above it can be seen that the spot Nifty coming down after tasting its resistance and today break support of 10990. The market looks weak and volatile nowadays, trade cautiously.
Trading zone for 21st August 2019 of the spot Nifty
Upside Resistance:- 11030, 11080, 11150.
Downside Support:- 10975, 10900, 10850.
In the Nifty 50, 20 stocks traded in green whereas 30 were declined on 20TH August 2019.
Top 5 Nifty Gainer and Loser
The most active value wise stocks were , MARUTI, IBULHSGFIN, YESBANK, RELIANCE, ICICIBANK and the volume-wise were YESBANK, TATAMOTORS, IBULHSGFIN, SBIN, ICICIBANK.