Nifty Under Buy on Dips: Being long in the market last week helped, as the benchmark index did move higher and fared reasonably. It was not all smooth sailing as intra-week volatility was visible. But bite was missing in the selling and sentiment repair was evident from the fact that the market made an attempt to move higher every chance it got, and breadth too was fairly broad-based.
Sensex / Nifty Future
Sensex / Nifty Future
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Is Nifty Honeymoon Period Over? : No power to lift Nifty very high [26-02-2022]
Nifty Honeymoon Period Over: This week was one for the record books. We saw the largest range for a day after about nearly two years. The last time around when the Nifty dropped more than 5% (and Bank Nifty 6%) was back in March 2020.
Nifty support at 17200, resistance at 17400 [22-02-2022]
On Technical front, immediate support and resistance levels for Nifty 50 is 17,200 and 17,400 respectively and for Bank Nifty 37,200 and 38,150 level will act as support and resistance.
Nifty to Face Major Hurdles at 17810 Mark
“Volatility could be the hallmark until investors are certain that Russia will not invade Ukraine. Nifty will face major hurdles at 17810 mark and would gain strength only above 17810 mark. Intraday hurdles at 17420mark. For the day, support seen at 17208 and then at 17057. Expect waterfall of selling now only below 16800 mark.”
Nifty May Fall Up To 15,800
After rising from 7,500 to over 18,000, the Nifty has been consolidating since mid-October 2021. Looking at the fall of the last 30 days, it seems like the Nifty could further correct from present levels.
Nifty resistance at 17800 for this week’s F&O expiry
On the technical aspect, the three days of continuous buying spree indicates the market uptrend, wherein the key indicators have also turned bullish. As far as levels are concerned, the base for Nifty inched higher to 17500 followed by 17300 on an immediate basis. On the flip side, as the market gains momentum, the recent swing high of 17800 should easily be tested and any breach above the same could direct the index towards the psychological junction of 18000.
Realinace, HDFC, Infosys top Sensex losers
Tech Mahindra, Infosys, Wipro, Bajaj Finance, HCL Tech, Housing Development Finance Corporation (HDFC), Titan Company, Dr Reddy’s. Reliance Industries Ltd, Bharti Airtel were all top Sensex draggers.
Nifty Open Higher; Banking, I.T. Stocks Rise [09-02-2022]
Nifty Open Higher: India’s stock benchmarks opened higher, aided by gains in banking, information technology and consumer durables stocks, amid rise in equities across the world.
Bank Nifty Jumps 0.8%
Nifty sectoral indices were trading with gains. Bank Nifty was up nearly 1%. Nifty Auto, Nifty IT, Nifty Media, Nifty Realty indices gained up to 1.5 per cent
Nifty Trading Spot Band Between 17230-17650
Nifty Trading Spot: After 950 points rally injust five sessions, the index underwent minorprofit booking. We believe, temporary breather willmake market healthy and pavethe way to gradually head towards 17900 in February as it is 80% retracement of January 2022 decline (18350-16836).