Daily Market Commentary - July 20, 2020 - Bonanza Portfolio

Mr. Vishal Wagh, Research Head

Nifty started the day where it left last weekend. It consistently ignores global cues. Throughout the day the market held the morning gains and finally managed to close above 11000 levels.

Market breadth remained in favor of bulls. For every couple of gainers, there was a loser. Except for Pharma, all the rest of the sectoral indices closed in the green. India VIX gained more than 1.50% and closed above 24.50, USDINR trading at 74.84.

Going forward, major support will be seen around 10830 and Resistance will be 11230.

Source : Equity Bulls

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