Sokhi Market Outlook for 22th July !

The Nifty opened on a steady note, rose to the day’s high of 4,524 and closed 0.74 per cent lower on profit-taking in index heavyweights.

However, today’s market pattern suggests that traders are not willing to sell index futures below 4,470 as average trade in Nifty July futures changed hands at 4,474.

This means traders booked profits in key index stocks at higher levels but did not create fresh short positions. The market expects the Nifty to consolidate around 4,500 before climbing back to the pre-Budget high of 4,709.

4500 call and 4400 put were the most active and saw higher accumulation in open interest. This indicates that market might move in this range

Accumulate the stocks which displays good Q1 results.