Nifty fell sharply in the Second half and lost 70 points  and closed July month with a gain of 110 points. recovered sharply after forenoon’s fall and recovered what it lost on Monday .  Stop loss for Nifty  long positions may be maintained  at 7705 on close basis. . Nifty spot is expected to encounter resistance at 7760 7795 and find support at 7680, 7645, for Friday.  While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to  experience volatile movements with subdued midsession.
Nifty                               7721     - 70
Review for Thursday :: Bearish Second Half … !!!
Market opened steady and traded in a very narrow range during forenoon and encountered huge selling pressure in the Second half dur to derivative closing and closed with a loss of more than0.75% for the day., 43 of Nifty stocks closed in the red but broader market was steady with Advance Decline ratio at 1:!. Realty and Media indices gained while PSU Bank, Bank Nifty, Infra, Auto and Energy indices declined. HDFC, ICICI Bank, Axis Bank and L&T  dragged down Nifty by more than 25 points.
Cipla, Tata Steel, BPCL, Lupin and   remained gainers among Nifty stocks while NTPC, IDFC, HCL Tech, Asian Paints   remained  losers.
IRB, Sun TV, Aurobindo, Aditya Birla    remained major gainers  among F&O stocks while Arvind, NTPC, JP Associates, HCL Tech   declined  among F&O stocks.


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