Share Market Live for 31st July: Nifty, Bank Nifty futures live prediction

 

Nifty futures live prediction at 10.25 a.m

If Nifty futures Moves Above 11128 and sustain. Then you should Buy with 1st Target of 11149 during the day with a Stop Loss of 11072 FOR the Target of 11149- 11175- 11198

If Nifty futures Moves Below 11072 and sustain. Then you should Sell with 1st Target of 11055 during the day with a Stop Loss of 11128. FOR the Target of 11055- 11030- 11006

 

Bank Nifty futures live prediction 10.30 a.m

If Bank Nifty futures  Moves Above 21780 and sustain. Then you should Buy with 1st Target of 21890 during the day with a Stop Loss of  21550. FOR the Target of 21890 – 21975- 22080

If Bank Nifty futures Moves Below 21550 and sustained. Then you should Sell with 1st Target of 21460 during the day with a Stop Loss of 21780. FOR the Target of 21460 – 21340- 21220

 

You may also like to read, Hedging: Meaning, Risk, Strategies, and types of Hedge

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Indian Share Market Live: Nifty and Bank Nifty are trading higher

 

Share Market Live for 31st July, at 10 a.m- Indian market opened in a flat note today amid weak cues from the Asian markets. The Aug series Nifty futures opened at 11123.65 added 30.5 points from the previous close. The Aug series Bank Nifty futures opened at 21647.85, up by only 16.45 points from yesterday’s close.

At, 10 a.m, the Nifty future is trading higher by 0.26% and Bank Nifty future is trading up around 0.35%.

The top gaining stocks in the Nifty index are Cipla, HCL Tech, and SBI whereas the top losing stocks are HDFC life, Reliance, and Kotak Mahindra bank. Reliance, HDFC Bank, Bajaj Finance are trading as the most active stock in the Nifty index.

On a sectoral basis, IT & Software, Healthcare, and FMCG sectors are trading higher. On the other hand, Banking & Finance, Insurance and Manufacturing sectors are trading lower at 10 a.m today.

 

Also read, 10 Best Stock Market books to read while in lockdown

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Share Market Live for 31st July: SGX Nifty is showing negative indication for Indian markets

 

Good morning and welcome to share market live for 31st July at 8.30 a.m

Asian market cues are negative today morning despite China’s manufacturing PMI numbers rose to 51.1 in July as compared to 50.9 in June. The Nikkei is trading 1.87% lower today whereas Hang Seng is trading flat to negative. The SGX Nifty is showing a negative market opening indication for India. The SGX Nifty is trading presently trading lower by 97 points or 0.87%

The US markets also closed in mixed yesterday. The investors were worried about President Trump’s message to delay the 2020 election due to coronavirus. The US futures index gained as the tech companies posted impressive quarterly earnings on Thursday. The Dow index was down by 0.85% while Nasdaq was gained 0.43% on 30th July.

The European markets were closed in the deep red on Thursday. FTSE and CAC were closed more than 2% down whereas DAX was closed 3.45% lower.

Bank to India markets, yesterday Nifty was down by 0.90% and Sensex declined by 0.88%. The Bank Nifty fell the most was down by 1.95% yesterday. FIIs bought Rs 207.30 crores and DIIs sold Rs 387.24 crores in the cash segment on 30th July.

 

News that may influence today’s live market

 

China’s manufacturing index expanded the fifth month in a row, it’s  PMI rose to 51.1 in July as compared to 50.9 in June. Shanghai index is trading 1.27% higher today.

Japan’s Industrial output shows a decent recovery in a broader business, it increased by 2.7% in June as compared to May.

On 30th July Reliance posted its Q1FY21 results after the market hours. Its consolidated profit stood at Rs 13248 crores with Jio’s ARPU growth of 7.4% QoQ at Rs 140.3 per subscribers per month. It beats street estimates and can see some buying in this stock today.

Today’s result- SBI, Tata Motors, Sun Pharma, IOC, UPL, BF Utilities, Deepak Fertilisers, Future Lifestyle Fashion, Birla Tyers, Aarey Drugs, etc.

 

You can visit this page at 10 a.m for more share market updates and Nifty and Bank Nifty futures live recommendations.

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