Sgx Nifty https://sgxnifty.org/ is down by 05 points at 17727. 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 18275. If Fin Nifty starts going up then the resistance will be 18425 & 18525.
Big Event For Tomorrow
Monetary policy outcome will come on Feb 08 and the expected 0.25 interest rate hike to control inflation. RBI Governor will release rate hike data at morning 1000 hrs But Market will react on monetary policy commentary about further rate hike.
FII and DII data
Foreign Institutional Investors sold shares of Rs. 2559.96 crores while Domestic Institutional Investors bought shares of Rs. 639.82 crores in the Indian equity market on Feb 07, as per data NSE data.
FII F&O Activities on Feb 07
FII Index Future = 89.37 Crore (Buying)
FII Index Option = 11396.20 Crore (Buying)
FII Stock Future = – 239.76 Crore (Selling)
FII Stock Option = -938.08 Crore (Selling)
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Nifty and Bank Nifty Strategy for Tomorrow (08 Feb 23)
Sgx Nifty is down by 05 Points at 17727.00 whereas Nifty closed on Tuesday at 17721.00 Now Dow Jones future showing 141 points down and Nasdaq showing 07 points up, 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: Positive
Nifty Trading Strategy For Tomorrow (08 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 (08 Feb 23)
If Bank Nifty Spot https://www.nseindia.com/ opens up near 41875-41950. Then go for the sell-side. Immediate Resistance will be 42050 and Target will be 41650, 41550 & 41350.
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 41350, 41450 & 41850.
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 18325-18375. Then go for the buy-side. Immediate Resistance will be 18525 and Keep Stop loss at 18275. Target will be 18375,18450 & 18475.
Important Support & Resistance for Tomorrow
Support : (Nifty: 17575 & 17525, Bank Nifty: 41050 & 40750, Fin Nifty: 18275)
Resistance : (Nifty : 17825 & 18025 , Bank Nifty : 42050 & Fin Nifty : 18525)
F&O Ban on NSE
Ambuja Cement Securities is under the F&O ban for tomorrow (08 Feb 23)
Q3 Result on 07 Feb 23
Escort, Cummins ind, Shree Cement, Trent, PEL, Oberoi Realty, & Motherson Sumi 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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