Archive · 29 Jul 2026
GIFT Nifty Up 120 Points; Key Levels to Watch
The GIFT Nifty futures are up 122.70 points, indicating a positive start for the domestic market.
Asian stocks rebounded after a selloff, and US stocks ended mixed.
Oil prices jumped due to Middle East attacks, while gold prices inched lower.
Investors are cautious ahead of the US Federal Reserve meeting.
The market shows indecisiveness, with key support and resistance levels identified for Sensex and Nifty Bank.
GIFT Nifty futures up 122.70 points, indicating a positive market start.
Asian stocks rebounded, while US stocks ended mixed.
Oil prices jumped due to Middle East attacks, gold prices inched lower.
Investors cautious ahead of the US Federal Reserve policy meeting.
Market shows indecisiveness with key support and resistance levels identified.
- Who
- Investors, traders, and market analysts
- What
- Market outlook for Nifty, Sensex, and Nifty Bank
- When
- Wednesday
- Where
- Global markets, including Asian and US markets
- Why
- Due to various factors including GIFT Nifty futures, crude oil prices, and investor sentiment ahead of the US Federal Reserve policy meeting
Bullish Outlook
Bearish Outlook
Market Direction
Bullish Outlook
The market is expected to have a positive start with GIFT Nifty up 122.70 points.
Bearish Outlook
The market shows indecisiveness with a small candle on the daily charts and non-directional intraday activity.
Support and Resistance
Bullish Outlook
Immediate support for Sensex is at 76,200–76,300, and resistance is at 77,200–77,300.
Bearish Outlook
A breach below 23,900/76,500 could accelerate selling pressure.
- GIFT Nifty Futures
- 24,221.50 (up 122.70 points)
- S&P 500
- 7,428.78 (up 0.21%)
- Nasdaq
- 24,876.91 (down 0.22%)
- Dow Jones Industrial Average
- 52,747.32 (up 1.03%)
- Brent Crude
- $86.80 per barrel (up 3%)
- US West Texas Intermediate Crude
- $81.95 per barrel (up 3%)
- Gold Prices
- $4,021.87 per ounce (down 0.1%)
- US Dollar Index
- 101.43
- FII-DII Flows
- FPIs net sellers of Rs 755.33 crore, DIIs net buyers of Rs 1,664.16 crore