Sgx Nifty https://sgxnifty.org/ is down by 40 points at 17800 The nifty Support level is placed at 17575 & 17525 followed by 17475. If the Nifty starts going up then the resistance will be 17975 and 18025. While the Bank Nifty support level is placed at 41050 and 40975. If Bank Nifty starts going up then the resistance will be 42050 and 42550. Fin Nifty Support level is placed at 18275. 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. 932.44 crores while Domestic Institutional Investors bought shares of Rs. 1264.74 crores in the Indian equity market on Feb 03, as per data NSE data.
FII F&O Activities on Feb 03
FII Index Option = 2344.10 Crore (Buying)
FII Index Option = – 15673.49 Crore (Selling)
FII Stock Future = 1041.94 Crore (Buying)
FII Stock Option = – 227.50 (Selling)
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Nifty and Bank Nifty Strategy for Tomorrow (06 Feb 23)
Sgx Nifty is down by 40 Points at 17800.00 whereas Nifty closed on Friday at 17854.00 Now Dow Jones future showing 135 points down and Nasdaq showing 222.75 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: Positive
Sentiment: Positive (Buy On dips)
Nifty Trading Strategy For Tomorrow (06 Feb 23)
If Nifty https://www.nseindia.com/ opens up near 17925-17975. Then go for sell-side. Immediate Resistance will be 18025 and Target will be 17850, 17815 & 17750.
If Nifty opens a gap down near 17725-17775. Then go for buy-side. Immediate Resistance will be 18025 and Keep Stop loss at 17575. Target will be 17850,17925 & 17975.
Bank Nifty Trading Strategy For Tomorrow (06 Feb 23)
If Bank Nifty https://www.nseindia.com/ opens up near 41875-41950. Then go for the sell-side. Immediate Resistance will be 42050 and Target will be 41750, 41650 & 41550.
If Bank Nifty opens a gap down near 41175-41250 then go for buy-side Immediate support 41050 and immediate resistance at 42050 Target will be 41350, 41450 & 41825
Fin Nifty Trading Strategy For Tomorrow (06 Feb 23)
If Fin Nifty https://www.nseindia.com/ opens up near 18475-18525. Then go for sell-side. Immediate Resistance will be 18550 and Target will be 18550, 18475 & 18425.
If Nifty opens a gap down near 18325-18375. Then go for buy-side. Immediate Resistance will be 18525 and Keep Stop loss at 18275. Target will be 18350,18450 & 18475.
Important Support & Resistance for Tomorrow
Support : (Nifty: 17575 & 17525, Bank Nifty: 41050 & 40850, Fin Nifty: 18325 & 18275)
Resistance : (Nifty : 17825 & 18225 , Bank Nifty : 42050 & 42550 & Fin Nifty : 18525 & 18575)
F&O Ban on NSE
Adani Port Securities is under the F&O ban for tomorrow (06 Feb 23)
Q3 Result on 06 Feb 23
Tata Steel, Lic housing finance & Muthoot Fin will declare their Q4 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.
PVR Limited: PVR Limited has informed the Exchange regarding “ We are pleased to inform you about the opening of 04 screen multiplex at Pebble Downtown in Faridabad, Haryana”.
Oberoi Realty Limited: Oberoi Realty Limited has informed the Exchange regarding the “ Update on the purchase/acquisition of residential premises in the project Three Sixty West situated at Annie Besant Road, Worli, Mumbai, from Oasis Realty.
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