Sgx Nifty https://sgxnifty.org/ down by 116.50 points at 16472.50 The nifty Support level is placed at 16425 & 16325 followed by 16275. If the Nifty starts going up then the resistance will be 16725 and 16825. While the Bank Nifty support level is placed at 35050 and 34525. If Bank Nifty starts going up then the resistance will be 36050 and 36525.
Big Event For This Week
The Reserve Bank Of India will meet to decide on the monetary policy next week (06-08 Jun 22). The monetary policy outcome will come on June 08 and the expected 0.25 interest rate hike to control inflation.
FII and DII data
Foreign Institutional Investors sold shares of Rs. 3770.51 crore while Domestic Institutional Investors bought shares of Rs. 2360.51 crore in the Indian equity market on Jun 03, as per data NSE data.
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Nifty and Bank Nifty Strategy for Tomorrow (06 Jun 22)
Sgx Nifty is down by 116.50 Points at 16472.50 whereas Nifty closed on Friday at 16584.30 Now Dow Jones future showing 335.00 points down and Nasdaq showing 342.75 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: Neutral
Sentiment: Mild Positive (Buy On dips)
Nifty Trading Strategy For Tomorrow (06 Jun 22)
If Nifty https://www.nseindia.com/ opens up near 16625-16675. Then go for sell-side. Immediate Resistance will be 16825 and Target will be 16525, 16475 & 16320.
If Nifty opens a gap down near 16325-16375. Then go for buy-side. Immediate Resistance will be 16525 and Keep Stop loss at 16275. Target will be 16475,16525 & 16600.
Bank Nifty Trading Strategy For Tomorrow (06 Jun 22)
If Bank Nifty https://www.nseindia.com/ opens up near 35525-35775. Then go for the sell-side. Immediate Resistance will be 36050 and Target will be 35075, 34950 & 34875.
If Bank Nifty opens a gap down near 34825-34875 then go for buy-side Immediate support 34525 and immediate resistance at 36050 Target will be 35350 & 35725
Important Support & Resistance for Tomorrow
Support : (Nifty : 16325 & 16275 & Bank Nifty : 35050 & 34525)
Resistance : (Nifty : 16725 & 16725 & Bank Nifty : 36050 & 36525)
F&O Ban on NSE
Nil Securities are under the F&O ban for tomorrow (06 Jun 22)
Q4 Result on Jun 06
Industries Cinvista, Marshall Machines Limited, and Urja Global will declare their Q4 Result on Jun 06.You may also like : https://fastmoneystocks.com
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