Shrikant Chouhan, Head of Equity Research (Retail), Securities Box:

Bulls continued the positive momentum of the third day in a row, Nifty ended 62 points higher while Sensex rose 246 points. Among the sectors, strong purchases are seen in reality and banking shares. In the midst of sectoral index, Realty is the winner of the top rally almost 2.5 percent.

Technically, Nifty/Sensex not only cleaning short -term 16300/54500 resistance but also succeeded in closing the same above which is widely positive. In addition, he also arrested a higher lower formation and the daily graph has formed a long bullish candle.

Short -term trading arrangements show further rising trends from the current level. For traders now 16250/54300 will be the determining level of trends. Above the index can move up to 16400-16450/55000-55200. On the other hand, under 16250/54300 index can slip up to 16150/54000.

Ajit Mishra, VP – Research, Religie Broking:

The market extends profits and increases almost half percent in the middle of a mixed signal. Initially, weak global cues weighing sentiments but the surge in certain index majors, especially from the banking space gradually pushed the higher index. As a result, nifty is closed near the high day at 16,340.5 levels, up 0.4%.

At the front of this sector, a mixed trend can be seen where Realty, Auto and PSU banks are the top producer while, Pharma and FMCG are the top losers. Meanwhile, a broader index outperforms and ends higher in the range of 0.7-1.1%.

The market gets comfort from the global index and floating power in the banking package, which has a fairly large weight, further adds to the positive. This new bouquet is slow like that and the next metal has reduced pressure. We maintain a positive attitude but be careful and prefer sectors such as auto, FMCG and banking for long opportunities.

Rupak De, Senior Technical Analyst at LKP Securities:

Nifty remains strong during the session when moving above the previous swing at a daily period. The higher upper lower formation is seen in the daily time frame. In addition, nifty has survived above the main moving average showing bullish trends.

In the short term, the index can remain positive as long as it survives above 16100 with the potential to reach 16450-16500 in the short term.

Vinod Nair, Head of Research in Geojit Financial Services:

The domestic index witnesses volatility attacks in the midst of weaknesses in the global market, IT and the pharmaceutical sector. But it was resisted by recovery in the supply of banking, cars and metals.

The developed market is negatively traded because of the slow recruitment plan announced by MNC Blue Chips such as Apple Inc. To anticipate the slowdown in the global economy.

However, due to the strong fundamentals of Indian economy, we believe that the direct impact of a slowdown in the domestic economy will be lighter than global colleagues.

Kunal Shah, Senior Technical Analyst at LKP Securities:

Bank Nifty index continues the momentum of strong purchases and remains in buying mode with direct support at the level of 35,400. The index tends to test the level of 36,200 on the reverse side where it faces resistance at a previous high level. The front resistance option was directly established at 36,000 where the highest open interest was built on the call side.

Jateen Trusted, VP Research Analyst in LKP Securities:

Rupees are traded neutrally to the bonded range between 79.85-80.05 because the dollar index remains in the muted trading session. Also the capital market showed a positive performance that helped Rupees remain in the reach session because in the morning the opening of Rupee touched 80.05 fresh rupees but took support there after one inch higher towards 79.85.

Close Market: The benchmark index extends a general meeting on July 19 with a good closure above 16300.

At close, Sensex rose 246.47 points or 0.45% at 54,767.62, and nifty rose 62 points or 0.38% at 16,340.50. Around 1961 shares had advanced, 1260 shares declined, and 143 shares did not change.

Axis Bank, M&M, Indusind Bank, Ultratech Cement and Apollo Hospitals are among good visitors, while losing including Ongc, Nestle India, HDFC Life, HCL Technologies and Tata Consumer Products.

Among the sectors, except oil & gas and pharmacy, all other indexes ended green with Realty and PSU Bank respectively up more than 2 percent.