Trading Idea for 25 Apr 22 (Monday): Important data to know before market opening

Sgx Nifty https://sgxnifty.org/ down by 165 points at 17015 The nifty Support level is placed at 17025 & 16975 followed by 16825. If the Nifty starts going up then the resistance will be 17225 and 17425. While the Bank Nifty support level is placed at 35525 and 35050. If Bank Nifty starts going up then the resistance will be 36525 and 37050.

FII and DII data

Foreign Institutional Investors sold shares of Rs. 2461.72 crore while Domestic Institutional Investors bought shares of Rs. 1602.35 crore in the Indian equity market on Apr 22, as per data NSE data.

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Nifty and Bank Nifty Strategy for Tomorrow (25 Apr 22)

Sgx Nifty is down by 165 Points at 17015.00 whereas Nifty closed on Friday at 17171.00 Now Dow Jones future showing 1098 points down and Nasdaq showing 412.75 points down, FII Data is Negative and DII Data is Positive, Following level keeps in mind for Monday trading session.

FII Data: Negative

DII Data: Positive

F&O Data: Neutral

Sentiment: Caution

Nifty Trading Strategy For Tomorrow (25 Apr 22)

If Nifty  https://www.nseindia.com/ opens up near 17125-17175. Then go for sell-side. Immediate Resistance will be 17225 and Target will be 17075, 17025 & 16990.

If Nifty opens a gap down near 16925-16975. Then go for buy-side. Immediate Resistance will be 17225 and Keep Stop loss at 16825. Target will be 17025,17075 & 17150.

Bank Nifty Trading Strategy For Tomorrow (25 Apr 22)

If Bank Nifty https://www.nseindia.com/ opens up near 36525-36875. Then go for the sell-side. Immediate Resistance will be 37050 and Target will be 36425, 36325 & 36075.

If Bank Nifty opens a gap down near 35125-35250 then go for buy-side Immediate support 34975 and immediate resistance at 36525 Target will be 35450 & 35950

Important Support  & Resistance for Tomorrow

Support : (Nifty : 17025 & 16975 & Bank Nifty : 35050 & 34875)

Resistance : (Nifty : 17225 & 17425 & Bank Nifty : 37050 & 37525)

  • F&O Ban on NSE

Nil Securities are under the F&O ban for tomorrow (25 Apr 22)

  • Q4 Result on April 25

Snowman Logistics, Century Textiles, Eveready Industries, Tatva chintan pharma, Arihant Capital and GMDC will declare their Q4 Result on April 18.

  • Intraday Stocks for tomorrow (25 Apr 22).

Buy Icici Bank @ 755-760 SL @ 740 Tgt @ 775 & 790

Sell Icici Bank @ 745-740 SL @ 760 Tgt @ 720 & 710

Sell Tata Metallic @ 860-850 SL @ 875 Tgt @ 835 & 810

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