Trading Idea for 07 Mar 22 (Monday): Important data to know before market opening

Sgx Nifty down by 100 points at 16143.50. The nifty Support level is placed at 15975 followed by 15825. If Nifty starts going up, then the resistance level will be 16225 and 16525 While the Bank Nifty support level is placed at 33800 and 33525. If Bank Nifty starts going up, then the resistance level will be 35525 and 36050.

FII and DII data

Foreign Institutional Investors sold shares of Rs. 7631.02 crore while Domestic Institutional Investors buy shares of Rs. 4738.99 crore in Indian equity market on Mar 04, as per data NSE data.

Nifty and Bank Nifty Strategy for Tomorrow (07 Mar 22)

Sgx Nifty is down by 100 Points at 16143.50 whereas Nifty closed on Friday at 16245.35 Now Dow Jones future showing 155 point down and Nasdaq showing 190.75 points down, FII Data is Negative and DII Data is Positive, Following level keep in mind for Monday trading session.

FII Data : Negative

DII Data : Positive

F&O Data : Negative

Sentiment : Negative

Nifty Trading Strategy For Tomorrow (07 Mar 22)

If Nifty opens up near 16425-16475  then go for sell side Immediate Resistance 16525 & 16825 Target will be 16175 & 16125.

If Nifty opens gap down near 16025-16075 then go for buy side immediate Resistance 16225 & Keep Stop loss at 15975 Target will be 16125 & 16175.

Bank Nifty Trading Strategy For Tomorrow (07 Mar 22)

If Bank Nifty opens near 33975-34050 then go for buy side Immediate support 33800 & 33525 and immediate resistance at 34525 & 35050 Target will be 34215 & 34375

Important Support  & Resistance for Tomorrow

Support : (Nifty : 16225 & 15975 & Bank Nifty : 33800)

Resistance : (Nifty : 16525 & 16825 & Bank Nifty : 34800 & 35525)

Latest Corporate Action

• PNB Housing Finance Limited – PNB Housing Finance limited has informed the exchange about board meeting to be held on 09 Mar 22 to consider fund raising.

• Gail (India) Limited – Gail (India) limited has informed the exchange about board meeting to be held on 11 Mar 22 to consider dividend and other business matters.

• F&O Ban on NSE

Nil securities are under the F&O ban for tomorrow (Mar 07).

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