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Stock market update for July 24 --- The GRS Solution

Stock market update for July 24 --- The GRS Solution:-

Nifty managed to sustain above 9900 level. Reliance holds the market. Indian benchmark Nifty opened nearer to yesterdays high, covering losses in a bullish tone. Market succumbed in mid session as global market sentiment influenced it. The post market session perked up by gaining momentum turning market choppy. The nearest support zone falls at (9820-9790) range. Traders are recommended to maintain their bullish view on the market and their stocks with proper stop loss.
Sectors
IT and ENERGY sectors holds Nifty all day as their heavy weights WIPRO and RELIANCE managed to retain their pre market gains. PHARMA, REALTY, INFRA are among the top losers in the sectors. Other sectors had an inconsiderable move.
Stock Update
WIPRO surged by 6.28% and closed at Rs.286.05. Trading volume rose by 588 percent on 21 July 2017. It is likely to witness bullish breakout Gap. Hence the gap can be used to understand the strength of the bulls.
RELIANCE gained by 3.67% and closed at Rs.1585. Trading volume increased by 457 percent in last trading day. However, largely the volumes are intraday trades. It indicates positive breakout. This stock is currently driven by multiple fundamental events like bonuses, GRM margin, aggressive JIO expansion etc.the grs solution
JPASSOCIAT surged by 15.4% and closed at Rs.26.6. Additionally, it registered remarkable gains in last five sessions. Trading volume rose by 131 percent in the last session.
IFCI surged by 4.95% and closed at Rs.27.55. Trading volume hiked by 403 percent on 21 July 2017. However numerous trades were intraday trades. It suggests for a bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 23.
ICIL declined by 2.67% and finished at Rs. 154.95. Additionally, it registered a remarkable weakness in last five sessions. Trading volume inflated by 88 percent on Friday. There is an evidence of distribution pattern. The short term rallies can be used to create short positions.
DHFL dipped by 3.95% and finished at Rs. 458.75. It witnessed Bearish Engulfing pattern on daily chart. Trading volume spiked by 240 percent in the last session. It is oscillating nearer to its resistance zone.
COALINDIA volume rose by 192 percent on 21 July 2017. Impressively 65% of the trades were taken for delivery. It signals bullish trend formation. Derivative traders were aggressive in exiting short positions. Open interest reduced by 6.88 %. This stock is currently settled above the recent resistance zone.

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