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BankingITMedium impactPre-market

Nifty breaks 24,300 resistance amid strong bank earnings

pre-market1 source ↓written by the desknot a recommendation

Nifty closed
24,334
after breaking above
1.09%
level
24,200
zone
24,285-24,300
Midcap index
0.41%

Nifty closed at 24,334, gaining 1.09% after breaking above the 24,200 level. Strong buying in index heavyweights supported the rally, despite profit booking near the 24,285-24,300 zone. Tech Mahindra and Kotak Mahindra Bank led the gains, while Hindalco Industries and Dr. Reddy's Laboratories lagged behind.

Broader markets struggled, with the Nifty Midcap index down 0.41% at 62,428. Traders should watch bank earnings closely for further direction.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 20 Jul 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

TECHM closed +0.2% on the day of the news, from ₹1,572.90 to ₹1,576.40; Nifty −0.4% over the same session; futures OI −3.2%.

Bulletin at 07:03 IST on 20 Jul 2026. Every change is measured from ₹1,572.90, the last close before it, on 17 Jul. Nifty 50 is measured over the same sessions.

  • TECHM close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
TECHM closes around the bulletin against the close before the news, with Nifty 50 rebased to it141115731735axis spans 23%before the news · 17 Jul1573Nifty 50TECHMbulletinD0+1+3+513 Jul23 Jul3 AugFutures open interest, lotspeak 43,000Reference close ₹1,572.90. 16 sessions from 13 Jul to 3 Aug; the price axis spans 23 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before17 Jul₹1,572.90basebase
On the day20 Jul₹1,576.40▲ +0.2%▼ −0.4%+0.6 pp difference
+1 session21 Jul₹1,576.30▲ +0.2%▼ −0.6%+0.8 pp difference
+3 sessions23 Jul₹1,555.80▼ −1.1%▼ −1.9%+0.8 pp difference
+5 sessions27 Jul₹1,575.00▲ +0.1%▼ −1.4%+1.5 pp difference
Gap at the open, % · ₹
▲ +0.3%+4.72 on 20 Jul
Day's range, % · ₹
2.3%≈ 36 high to low
Volume on the day
0.77×the 20-session average
Futures OI on the day
▼ −3.2%−1,400 lots · short covering · price +0.2%
Futures OI open, lots
41,00020 Jul · 28 Jul expiry
Futures premium, ₹
+3.30+0.2% to spot
Puts per call, by OI
0.92from 0.91 the session before
Max pain
1,500from 1,500 the session before

Source NSE UDiFF bhavcopy · TECHM on the desk →

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