2 July 2021, Post Market Report: Looks like Nifty finally has taken a support.

Hello Everyone, As we end the week, finally we could see the market moving above the day's high and closing in green as expected in the premarket report I had posted in the morning. If you have not read it, you can read it by clicking here.

For the first time this week, the Nifty index closed in green. Though it looks good on the daily chart as given below, we can only confirm this on Monday as this up move could be because of the huge buying done by institutions who had sold good quantity in this entire week to square up the position before the new week starts.

Sector Watch:

Pharma, Media, Realty, Financial services, Banks, all closed in green though by a small margin, which probably clears our thoughts that the move was not really major buying but more of short covering. However, we soon have the IT giants in India announcing their Q1 results which can hopefully uplift the market in the coming days.

Top Gainers:

Divis Lab what the top gainer in the Index, followed by Reliance, ICICI Bank, Coal India & Tata consumers.

Top Losers:

The metal sector was the top loser followed by Britannia, power grid, and Grasim.

That's it, for now, team, let's meet tomorrow at 7 pm to discuss the week ahead.

- Srikant Rajan

- Srikant Rajan