Sgx Nifty https://sgxnifty.org/ is down by 20 points at 17780. The nifty Support level is placed at 17575 & 17525 followed by 17475. If the Nifty starts going up then the resistance will be 17825 and 18025. While the Bank Nifty support level is placed at 41050 and 40550. If Bank Nifty starts going up then the resistance will be 41550 and 42050. Fin Nifty Support level is placed at 18225. If Fin Nifty starts going up then the resistance will be 18525.
Big Event For This Week
The Reserve Bank Of India will meet to decide on the monetary policy next week (06-08 Feb 23). The monetary policy outcome will come on Feb 08 and the expected 0.25 interest rate hike to control inflation.
FII and DII data
Foreign Institutional Investors sold shares of Rs. 1218.14 crores while Domestic Institutional Investors bought shares of Rs. 1203.09 crores in the Indian equity market on Feb 06, as per data NSE data.
FII F&O Activities on Feb 06
FII Index Option = – 2191.69 Crore (Selling)
FII Index Option = 1527.34 Crore (Buying)
FII Stock Future = -0.65.50 Crore (Selling)
FII Stock Option = 34.47 Crore (Buying)
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Nifty and Bank Nifty Strategy for Tomorrow (07 Feb 23)
Sgx Nifty is down by 20 Points at 17780.00 whereas Nifty closed on Monday at 17764.60 Now Dow Jones future showing 60 points down and Nasdaq showing 80.75 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: Negative
Sentiment: Negative
Nifty Trading Strategy For Tomorrow (07 Feb 23)
If Nifty Spot https://www.nseindia.com/ opens up near 17775-17825. Then go for sell-side. Immediate Resistance will be 17835 & 18025 and Target will be 17750, 17675 & 17650.
If Nifty opens a gap down near 17625-17675. Then go for buy-side. Immediate Resistance will be 18025 and Keep Stop loss at 17575 & 17525. Target will be 17750,17775 & 17825.
Bank Nifty Trading Strategy For Tomorrow (07 Feb 23)
If Bank Nifty Spot https://www.nseindia.com/ opens up near 41375-41450. Then go for the sell-side. Immediate Resistance will be 41550 & 42050 and Target will be 41250, 41150 & 41050.
If Bank Nifty opens a gap down near 41075-41150 then go for buy-side Immediate support at 40750 and immediate resistance at 42050 Target will be 41250, 41350 & 41450.
Fin Nifty Trading Strategy For Tomorrow (07 Feb 23)
If Fin Nifty Spot https://www.nseindia.com/ opens up near 18425-18475. Then go for sell-side. Immediate Resistance will be 18525 and Target will be 18350, 18275 & 18250.
If Nifty opens a gap down near 18250-18325. Then go for the buy-side. Immediate Resistance will be 18525 and Keep Stop loss at 18225. Target will be 18375,18450 & 18475.
Important Support & Resistance for Tomorrow
Support : (Nifty: 17575 & 17525, Bank Nifty: 41050 & 40550, Fin Nifty: 18225)
Resistance : (Nifty : 17825 & 18025 , Bank Nifty : 41550 & 42050 & Fin Nifty : 18525)
F&O Ban on NSE
Adani Port Securities is under the F&O ban for tomorrow (07 Feb 23)
Q3 Result on 07 Feb 23
Hero Moto Corp, Astral, Ambuja Cement, Bharti Airtel, Deepak Nitrate, Navin Fluro, Adani Port, GNFC, Chambal Fert, Ramco Cement & ABFRL will declare their Q3 Results on Feb 06. You may also like: https://fastmoneystocks.com
Corporate Actions :
Shree Rama Multi-Tech Limited: A Meeting of the Board of directors of the company is scheduled to be held on Wednesday, February 08, 2023, to consider relating to raising funds through the issue of equity shares on the right basis to the existing equity shareholders of the company and other matters related/incidental thereto.
Imagicaa Limited: A Meeting of the Board of directors of the company is scheduled to be held on Wednesday, February 08, 2023, to consider relating to raising funds.
Samvardhana Motherson Limited: A Meeting of the Board of directors of the company is scheduled to be held on Wednesday, February 08, 2023, to consider relating to raising funds through the issuance of bonds/debentures/non-convertible debt securities.
Himatsingka Seide Limited: A Meeting of the Board of directors of the company is scheduled to be held on Wednesday, February 08, 2023, to consider relating to raising funds through the issuance of foreign currency convertible bonds.
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