Daily Market Quote - 21 July 2026

Authored By PTI | Published at: Jul 21, 2026 04:41 PM IST

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The subdued movement continued in the market on Tuesday and Nifty closed the day lower by 50 points. A small red candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action signals a range bound action with weak bias.

The lows of 24135 have been tested twice in the last couple of sessions indicating an emergence of minor buying from the lows, which is also coincided by the support of 10day EMA.

The underlying short-term trend of Nifty remains choppy with weak bias. As long as the crucial support of 24000 holds, there is a possibility of bounce in the market towards 24400-24500 levels in the near term.

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