Trading Idea for 28 Feb 22 (Monday): Important data to know before market opening

Sgx Nifty showing up by 317 points at 16976. The nifty Support level is placed at 16525 followed by 16825. If Nifty starts going up, then the resistance level will be 17025 and 17225 While the Bank Nifty support level is placed at 36275 and 36050. If Bank Nifty starts going up, then the resistance level will be 37525 and 38050.

FII and DII data

Foreign Institutional Investors sold shares of Rs. 4470.70 crore while Domestic Institutional Investors buy shares of Rs. 4318.24 crore in Indian equity market on Feb 25, as per data NSE data.

Nifty and Bank Nifty Strategy for Tomorrow (28 Feb 22)

Sgx Nifty is up by 317 Points at 16976 whereas Nifty closed on Friday at 16658.40 Now Dow Jones future showing 838 point up and Nasdaq showing 214.00 points up, FII Data is Negative and DII Data is Positive, Following level keep in mind for Monday trading session.

FII Data : Negative

DII Data : Positive

F&O Data : Positive

Sentiment : Positive

Nifty Trading Strategy For Tomorrow (28 Feb 22)

If Nifty opens up near 16825-16875  then go for buy side Immediate Resistance 16975 & 17025 Target will be 16950 & 16990.

If Nifty opens up near 17025-17075 then go for buy side immediate Resistance 17225 Target will be 17125 & 17175.

Bank Nifty Trading Strategy For Tomorrow (28 Feb 22)

If Bank Nifty opens near 36975-37050 then go for buy side Immediate support  36775 & 36525 and immediate resistance at 37525 & 38050 Target will be 37325 & 37475

For Free Opening of Demat & Trading  Account use following Link are appended below : –

Zerodha : https://zerodha.com/open-account?c=ZMPOUL

Upstox: https://upstox.com/open-account/?f=HBRR

Angel Broking : https://tinyurl.com/yx9gw7db

Important Support  & Resistance for Tomorrow

Support : (Nifty : 16825 & 16525 & Bank Nifty : 36825 & 36525)

Resistance : (Nifty : 16975 & 17025 & Bank Nifty : 37525 & 38050)

Latest Corporate Action

• Vodafone Idea –     Vodafone idea limited has informed the exchange about board meeting to be held on 03 Mar 22 to consider fund raising.

• UPL Limited –         UPL limited has informed the exchange about board meeting to be held on 02 Mar 22 to consider buy back of equity share of the company.

• Metro Brands Limited –    Metro Brands limited has informed the exchange about board meeting to be held on 07 Mar 22 to consider dividend and other business matters.

• TVS Electronics Limited –          TVS Electronics limited has informed the exchange about board meeting to be held on 05 Mar 22 to consider declaration of an interim dividend for financial year ending 31^st Mar 2022.

• Sun TV Network Limited –          Sun TV Network limited has informed the exchange about board meeting to be held on 07 Mar 22 to consider dividend.

• Shriram City Union Finance Limited – Shriram City Union Finance Limited has informed the exchange about board meeting to be held on 08 Mar 22 to consider dividend and other business matters.

• Arihant Capital Markets Limited–         Arihant Capital Markets Limited has informed the exchange about board meeting to be held on 03 Mar 22 to consider Interim dividend and other business matters.

• PNC Infratech Limited –   Care Ratings limited has revised credit rating on the bank facilities of our subsidiary, PNC Raebareli Highways Private Limited as per report received on 25 Feb 22. Long Term Bank Facilities (senior debt) revised from CARE AA Out look stable to CARE AA+ Outlook stable. Long Term Bank Facilities (subordinate debt) revised from CARE AA- Out look stable to CARE AA Outlook stable.

• F&O Ban on NSE

Nil securities are under the F&O ban for tomorrow (Feb 28).

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