{"id":14342,"date":"2023-11-07T19:01:11","date_gmt":"2023-11-07T13:31:11","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=14342"},"modified":"2023-11-07T19:01:11","modified_gmt":"2023-11-07T13:31:11","slug":"post-market-update-07-11-2023","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/post-market-update-07-11-2023\/","title":{"rendered":"Post Market Update (07-11-2023)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-07-11-2023\/#Nifty\" title=\"Nifty\">Nifty<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-07-11-2023\/#Nifty_Bank\" title=\"Nifty Bank\">Nifty Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-07-11-2023\/#Midcap_and_Smallcap\" title=\"Midcap and Smallcap\">Midcap and Smallcap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-07-11-2023\/#PCR_Put-Call_Ratio\" title=\"PCR (Put-Call Ratio)\">PCR (Put-Call Ratio)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-07-11-2023\/#VIX_Volatility_Index\" title=\"VIX (Volatility Index)\">VIX (Volatility Index)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-07-11-2023\/#Sectors_Update\" title=\"Sectors Update\">Sectors Update<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-07-11-2023\/#Advance-Decline\" title=\"Advance-Decline\">Advance-Decline<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Nifty\"><\/span>Nifty<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nifty displayed a degree of volatility within its recent trading range but ultimately concluded the session just above the mid Bollinger line.<br \/>\nThe prevailing outlook remains favorably biased towards an upward trajectory, with the next potential resistance levels manifesting at 19650 and 19850. Short-term support appears to be situated at the 19200 level.<br \/>\nIt is noteworthy that Foreign Institutional Investors (FIIs) exhibited net selling activity amounting to -497.2 crores, while Domestic Institutional Investors (DIIs) demonstrated net buying activity totaling 700.28 crores.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Nifty_Bank\"><\/span><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-14343\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Nifty-07-11.png\" alt=\"Nifty 7-11-2023\" width=\"1261\" height=\"538\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-07-11.png 1261w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-07-11-300x128.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-07-11-1024x437.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-07-11-768x328.png 768w\" sizes=\"(max-width: 1261px) 100vw, 1261px\" \/>Nifty Bank<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nifty Bank experienced an initial phase of profit-taking followed by a robust rally during the latter half of the trading day, ultimately concluding above the midpoint of its Bollinger bands for the second consecutive day.<br \/>\nThis pattern signifies the likelihood of continued strength in the short term. Immediate resistance is firmly established at the 44,000 mark, with more formidable barriers positioned within the 44,600-44,700 range. On the downside, potential support is identified at the 43,200 level.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Midcap_and_Smallcap\"><\/span><img decoding=\"async\" class=\"alignnone size-full wp-image-14344\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/BNF-7-11-2023.png\" alt=\"Nifty Bank 7-11-2023\" width=\"1262\" height=\"540\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-7-11-2023.png 1262w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-7-11-2023-300x128.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-7-11-2023-1024x438.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-7-11-2023-768x329.png 768w\" sizes=\"(max-width: 1262px) 100vw, 1262px\" \/>Midcap and Smallcap<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Both the Midcap and Smallcap indices have sustained their upward momentum over the course of the past four trading sessions.<br \/>\nThe Midcap index presently hovers in close proximity to a key trendline on its daily chart, suggesting further momentum may be realized upon surpassing the 32,300 level. Anticipated resistance levels for the Midcap and Smallcap indices are delineated at 32,600 and 38,400, respectively, while underlying support is expected to materialize at 31,600 and 37,450.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"PCR_Put-Call_Ratio\"><\/span>PCR (Put-Call Ratio)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Put-Call Ratio (PCR) for both the Nifty and Nifty Bank reflects a moderately bullish sentiment in the market.<br \/>\nIt is worth noting that the Nifty exhibits the most substantial open interest in call options at the 19,500 strike, while the most pronounced open interest for put options is anchored at the 19,300 strike.<br \/>\nIn the context of the weekly expiration, call options dominate at the 44,000 and 44,500 levels for the Bank Nifty, with predominant open interest in put options concentrated around the 43,600 strike.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"VIX_Volatility_Index\"><\/span>VIX (Volatility Index)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Volatility Index (VIX) concluded the session at 11.19, marking an increase of 0.8%. This increment in VIX underscores the presence of heightened volatility in today&#8217;s trading session.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sectors_Update\"><\/span>Sectors Update<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In today&#8217;s trading session, the Pharma sector emerged as the top performer, posting a notable gain of 1.3%. Conversely, the Realty sector experienced a decline of 1.3%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Advance-Decline\"><\/span><img decoding=\"async\" class=\"size-full wp-image-14345 aligncenter\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Sectoral-graph-7-11-2023.png\" alt=\"\" width=\"595\" height=\"367\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Sectoral-graph-7-11-2023.png 595w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Sectoral-graph-7-11-2023-300x185.png 300w\" sizes=\"(max-width: 595px) 100vw, 595px\" \/>Advance-Decline<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Advance-decline statistics favored the bulls, with 1170 stocks advancing and only 908 stocks declining during the course of the day&#8217;s trading activities, underscoring the prevalent optimistic sentiment that currently prevails in the market.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-14346\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-7-11-2023.png\" alt=\"GAINER LOSER 7-11-2023\" width=\"1217\" height=\"183\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-7-11-2023.png 1217w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-7-11-2023-300x45.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-7-11-2023-1024x154.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-7-11-2023-768x115.png 768w\" sizes=\"(max-width: 1217px) 100vw, 1217px\" \/><\/p>\n<p><strong>About the Author<\/strong><\/p>\n<p>Ankit Jaiswal, our Senior Equity Research Analyst at Univest, brings over 8 years of experience in the stock market, financial analysis, and investing. With qualifications including the NISM Series VIII Equity Derivatives Certification and CMT Level 2, he\u2019s a key asset, driving the insightful contributions to our research team.<\/p>\n<p>Note \u2013 This channel is for educational and training purposes only &amp; any stock mentioned here should not be taken as a tip\/recommendation\/advice<\/p>\n<p>You may also like:<\/p>\n<p><a href=\"https:\/\/univest.in\/blogs\/specialty-chemicals-is-the-growth-story-over-or-a-revival-on-the-horizon\/\">Specialty Chemicals: Is the growth story over or a revival on the horizon?<\/a><\/p>\n<h1 class=\"entry-title\"><\/h1>\n","protected":false},"excerpt":{"rendered":"<p>Nifty Nifty displayed a degree of volatility within its recent trading range but ultimately concluded the session just above the mid Bollinger line. The prevailing outlook remains favorably biased towards an upward trajectory, with the next potential resistance levels manifesting at 19650 and 19850. Short-term support appears to be situated at the 19200 level. It<\/p>\n","protected":false},"author":10,"featured_media":26918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"metadata":{"_edit_lock":["1699363733:10"],"_edit_last":["10"],"_thumbnail_id":["26918"],"_nectar_gallery_slider":["off"],"_nectar_quote_author":[""],"_nectar_quote":[""],"_nectar_link":[""],"_nectar_video_m4v":[""],"_nectar_video_ogv":[""],"_nectar_video_poster":[""],"_nectar_video_embed":[""],"_nectar_audio_mp3":[""],"_nectar_audio_ogg":[""],"_post_item_masonry_sizing":["regular"],"_nectar_header_bg":[""],"_nectar_header_parallax":["off"],"_nectar_header_bg_height":[""],"_nectar_page_header_bg_alignment":["top"],"_nectar_header_bg_color":[""],"_nectar_header_font_color":[""],"_wpb_vc_js_status":["false"],"_yoast_wpseo_estimated-reading-time-minutes":[""],"_yoast_wpseo_wordproof_timestamp":[""],"nectar_blog_post_view_count":["333"],"rank_math_news_sitemap_robots":["index"],"rank_math_robots":["a:1:{i:0;s:5:\"index\";}"],"rank_math_analytic_object_id":["13"],"rank_math_internal_links_processed":["1"],"post_views_count":["465"],"amazonS3_cache":["a:28:{s:61:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Nifty-07-11.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:63:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/BNF-7-11-2023.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:74:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Sectoral-graph-7-11-2023.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:72:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-7-11-2023.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:69:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Nifty-07-11-300x128.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:70:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Nifty-07-11-1024x437.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:69:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Nifty-07-11-768x328.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:71:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/BNF-7-11-2023-300x128.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:72:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/BNF-7-11-2023-1024x438.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:71:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/BNF-7-11-2023-768x329.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:82:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Sectoral-graph-7-11-2023-300x185.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:79:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-7-11-2023-300x45.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:81:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-7-11-2023-1024x154.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:80:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-7-11-2023-768x115.png\";a:1:{s:9:\"timestamp\";i:1713793860;}s:63:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-07-11.png\";a:1:{s:9:\"timestamp\";i:1777711388;}s:71:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-07-11-300x128.png\";a:1:{s:9:\"timestamp\";i:1777711388;}s:72:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-07-11-1024x437.png\";a:1:{s:9:\"timestamp\";i:1777711388;}s:71:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-07-11-768x328.png\";a:1:{s:9:\"timestamp\";i:1777711388;}s:65:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-7-11-2023.png\";a:1:{s:9:\"timestamp\";i:1777711388;}s:73:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-7-11-2023-300x128.png\";a:1:{s:9:\"timestamp\";i:1777711388;}s:74:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-7-11-2023-1024x438.png\";a:1:{s:9:\"timestamp\";i:1777711388;}s:73:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-7-11-2023-768x329.png\";a:1:{s:9:\"timestamp\";i:1777711388;}s:76:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Sectoral-graph-7-11-2023.png\";a:1:{s:9:\"timestamp\";i:1777711388;}s:84:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Sectoral-graph-7-11-2023-300x185.png\";a:1:{s:9:\"timestamp\";i:1777711388;}s:74:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-7-11-2023.png\";a:1:{s:9:\"timestamp\";i:1777711388;}s:81:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-7-11-2023-300x45.png\";a:1:{s:9:\"timestamp\";i:1777711388;}s:83:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-7-11-2023-1024x154.png\";a:1:{s:9:\"timestamp\";i:1777711388;}s:82:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-7-11-2023-768x115.png\";a:1:{s:9:\"timestamp\";i:1777711388;}}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.st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