Today's color is white! Indices started strong, with a green wave, but profit booking soon kicked in, and they fell back to the pavilion. Nifty's immediate support levels are 24800 and 24500, while resistance is at 25000. Top gainers include

RITES

and

BANDHANBNK

surging around 14% due to positive results. On the other hand,

LXCHEM

is the top loser, falling approximately 5% due to disappointing results. FIIs (Foreign Institutional Investors) were net sellers to the tune of around ₹2500 crore, while DIIs (Domestic Institutional Investors) were net buyers of a whopping ₹6600 crore. The Put-Call Ratio (PCR) stands at 0.96, below 1, indicating a bearish sentiment. All eyes are now on the upcoming Fed meeting. See you all tomorrow!

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9July2024 market insights by CA Rahul Chhabadia.mp4

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