Nifty (Cash) Technical UPDATE: On Upward Side 23660 - 23735 Will Act As Major Resistance Zone. Fresh Relief Rally Possible Only If Nifty (Cash) Manages To Close Above This Zone.

Nifty (Cash) Technical UPDATE: As Expected Nifty (Cash) Witnessed Profit Booking Vicinity Of Resistance Zone. Nifty (Cash) Registered High Of 23780 Unable To Cross Resistance Zone And Witnessed Profit Booking. *On Downward Side 23367 - 23276 - 23166…

**MCX Crude Oil Technical:

On Downward Side 5804 – 5788 – 5733 Will Act As Major Support Zone. Fresh Supply Pressure Possible Only Below This Zone.

On Upward Side 5887 – 5906 Will Act As Major Resistance Zone. Fresh Relief Rally Possible Only Above This Zone.

If MCX Crude Oil Manages To Hold Support Zone Of 5804 – 5788 And Manages To Cross / Close Above Resistance Zone Of 5887 – 5906 Will See Fresh Relief Rally For Possible Upward Range Of 6055 === 6100 === 6180.

If MCX Crude Oil Unable To Cross Resistance Zone Of 5887 – 5906 And Manages To Break / Close Below Support Zone Of 5804 – 5788 Will See Fresh Supply Pressure For Possible Downward Range Of 5646 === 5590 === 5496**

**Nifty (Cash) Technical:

On Upward Side 23474 - 23557 - 23634 Will Act As Major Resistance Zone. Relief Rally Possible Only Above This Zone.

On Downward Side 23367 - 23276 - 23166 Will Act As Major Support Zone. Trading Below This Zone Further Supply Pressure Will Continue.**

Nifty (Cash) Technical UPDATE: As Expected Nifty (Cash) Managed To Hold Support Zone At Oversold Area And Trading Above Resistance Zone Of 24125 - 24213 And Likely To Give Close Above It *After Vertical Fall From 26277 First Sign Of SHORT TERM Trend…

Nifty (Cash) Technical UPDATE: As Expected Nifty (Cash) Managed To Hold Support Zone At Oversold Area And Trading Above Resistance Zone Of 24125 - 24213 And Likely To Give Close Above It *After Vertical Fall From 26277 First Sign Of SHORT TERM Trend…

**Nifty (Cash) Technical:

On Downward Side 24266 - 24189 - 24122 Will Act As Major Support Zone. Fresh Supply Pressure Possible Only Below This Zone.

On Upward Side 24378 - 24418 Will Act As Major Resistance Zone. Fresh Upward Momentum Possible Only Above This Zone.

If Nifty (Cash) Manages To Hold Support Zone Of 24266 - 24189 - 24122 And Manages To Cross Resistance Zone Of 24378 - 24418 Will See Sharp Short Cover For Possible Upward Range Of 24817 ===24951 === 25052**

INDIA CPI (YOY) (JUL) ACTUAL: 3.54% VS 5.08% PREVIOUS; EST 3.60% INDIA INDUSTRIAL PRODUCTION (YOY) (JUN) ACTUAL: 4.2% VS 5.9% PREVIOUS; EST 5.4% INDIA MANUFACTURING OUTPUT (MOM) (JUN) ACTUAL: 2.6% VS 4.6% PREVIOUS INDIA CUMULATIVE INDUSTRIAL PRODUCTION…

**INDIA CPI (YOY) (JUL) ACTUAL: 3.54% VS 5.08% PREVIOUS; EST 3.60%

INDIA INDUSTRIAL PRODUCTION (YOY) (JUN) ACTUAL: 4.2% VS 5.9% PREVIOUS; EST 5.4%

INDIA MANUFACTURING OUTPUT (MOM) (JUN) ACTUAL: 2.6% VS 4.6% PREVIOUS

INDIA CUMULATIVE INDUSTRIAL PRODUCTION (JUN) ACTUAL: 5.20% VS 5.40% PREVIOUS**

**Ceigall India Limited Technical:

On Upward Side 434 – 442 Will Act As Major Resistance Zone. Fresh Upward Momentum Possible Only Above This Zone.

On Downward Side 410 – 385 Will Act As Major Support Zone. Fresh Supply Pressure Possible Only Below This Zone.

Our View On Ceigall India Limited Will Be Bullish If Manages To Trade Above 434 – 442 And Bearish If Manages To Trade Below 388 – 385.**