Trading Idea for 10 Feb 23 (Friday) : Important data to know before the market

Sgx Nifty https://sgxnifty.org/ is down by 20.50 points at 17910. The nifty Support level is placed at 17825 & 177755 followed by 17475. If the Nifty starts going up then the resistance will be 18025 and 18225. While the Bank Nifty support level is placed at 41050 and 40850. If Bank Nifty starts going up then the resistance will be 41850 and 42050. Fin Nifty Support level is placed at 18425. If Fin Nifty starts going up then the resistance will be 18535 & 18725.

FII and DII data

Foreign Institutional Investors sold shares of Rs. 144.73 crores while Domestic Institutional Investors sold shares of Rs. 205.25 crores in the Indian equity market on Feb 09, as per data NSE data.

FII F&O Activities on Feb 09

FII Index Future = 104.00 Crore (Buying)

FII Index Option = 6800.52 Crore (Buying)

FII Stock Future = – 0.17 Crore (Selling)

FII Stock Option = – 83.19 Crore (Selling)

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Nifty and Bank Nifty Strategy for Tomorrow (10 Feb 23)

Sgx Nifty is down by 20 Points at 17910.00 whereas Nifty closed on Thursday at 17893.00 Now Dow Jones future showing 86 points up and Nasdaq showing 50  points up, FII Data is positive and DII Data is Positive, Following level keeps in mind for Monday trading session.

FII Data: Positive

DII Data: Positive

F&O Data: Positive

Sentiment: Positive

Nifty Trading Strategy For Tomorrow (10 Feb 23)

If Nifty Spot https://www.nseindia.com/ opens up near 17975-18025. Then go for sell-side. Immediate Resistance will be 18025 and Target will be 17950, 17875 & 17850.

If Nifty opens a gap down near 17825-17875. Then go for buy-side. Immediate Resistance will be 18025 and Keep Stop loss at 17825. Target will be 17950,17975 & 18025.

Bank Nifty Trading Strategy For Tomorrow (10 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 41175-41250 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 (10 Feb 23)

If Fin Nifty Spot https://www.nseindia.com/ opens up near 18525-18575. Then go for sell-side. Immediate Resistance will be 18625 and Target will be 18450, 18375 & 18350.

If Nifty opens a gap down near 18425-18475. Then go for the buy-side. Immediate Resistance will be 18575 and Keep Stop loss at 18375. Target will be 18525,18550 & 18575.

Important Support  & Resistance for Tomorrow

Support : (Nifty: 17775 & 17825, Bank Nifty: 41050 & 40850, Fin Nifty: 18375)

Resistance : (Nifty : 18025 , Bank Nifty : 42050 & Fin Nifty : 18575)

F&O Ban on NSE

Ambuja Cement & IBULHSG FIN Securities is under the F&O ban for tomorrow (10 Feb 23)

Q3 Result on 10 Feb 23

Naukri, Abbot India, BHEL, Metropolis, Alkem, ABB, Genmark, National Aluminium  & M&M will declare their Q3 Results on Feb 10. You may also like: https://fastmoneystocks.com

Disclaimer – All posts are for education & Learning purpose only. Our website is not responsible for your Profit & Loss. Please contact your Financial Advisor before investing in any securities.

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