Trading Idea for 09 Feb 23 (Thursday): Important data to know before the market

Sgx Nifty https://sgxnifty.org/ is down by 45 points at 17845. The nifty Support level is placed at 17775 & 17725 followed by 17575. If the Nifty starts going up then the resistance will be 17875 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 41850 and 42050. Fin Nifty Support level is placed at 18375. If Fin Nifty starts going up then the resistance will be 18525.

FII and DII data

Foreign Institutional Investors sold shares of Rs.736.82 crores while Domestic Institutional Investors bought shares of Rs. 941.16 crores in the Indian equity market on Feb 08, as per data NSE data.

FII F&O Activities on Feb 08

FII Index Future = 1265.52 Crore (Buying)

FII Index Option = -6892.59 Crore (Selling)

FII Stock Future = 1924.22 Crore (Buying)

FII Stock Option = – 604.90 Crore (Selling)

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Nifty and Bank Nifty Strategy for Tomorrow (09 Feb 23)

Sgx Nifty is down by 45 Points at 17845.00 whereas Nifty closed on Wednesday at 17871.00 Now Dow Jones future showing 211 points down and Nasdaq showing 232 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: Positive

Sentiment: Positive

Nifty Trading Strategy For Tomorrow (09 Feb 23)

If Nifty Spot https://www.nseindia.com/ opens up near 17925-17975. Then go for sell-side. Immediate Resistance will be 18025 and Target will be 17850, 17775 & 17750.

If Nifty opens a gap down near 17825-17875. Then go for buy-side. Immediate Resistance will be 18025 and Keep Stop loss at 17775 & 17575. Target will be 17950,17975 & 18025.

Bank Nifty Trading Strategy For Tomorrow (09 Feb 23)

If Bank Nifty Spot https://www.nseindia.com/ opens up near 41775-41850. 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 41275-41350 then go for buy-side Immediate support at 41050 and immediate resistance at 42050 Target will be 41450, 41550 & 41750.

Fin Nifty Trading Strategy For Tomorrow (09 Feb 23)

If Fin Nifty Spot https://www.nseindia.com/ opens up near 18475-18490. Then go for sell-side. Immediate Resistance will be 18525 and Target will be 18450, 18375 & 18350.

If Nifty opens a gap down near 18375-18425. Then go for the buy-side. Immediate Resistance will be 18525 and Keep Stop loss at 18375. Target will be 18450, 18490 & 18515.

Important Support  & Resistance for Tomorrow

Support : (Nifty: 17775 & 17725, Bank Nifty: 41050 & 40850, Fin Nifty: 18375)

Resistance : (Nifty : 18025 , Bank Nifty : 42050 & Fin Nifty : 18525)

F&O Ban on NSE

Ambuja Cement  & Indiabulls Housing Fin Securities are under the F&O ban for tomorrow (09 Feb 23)

Q3 Result on 09 Feb 23

IRCTC, UBL, HINDALCO, VOLTAS, LUPIN, HAL, HIND PETRO, Page Ind, Auro Pharma , MRF will declare their Q3 Results on Feb 09. You may also like: https://fastmoneystocks.com

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