The nifty Support level is placed at 14875 followed by 14800. If Nifty starts going up, then the resistance level will be 15025 and 15125 While the Bank Nifty support level is placed at 33000 and 32800. If Bank Nifty starts going up, then the resistance level will be 34025 and 34500.
FII and DII data
Foreign Institutional Investors bought shares of Rs. 71.04 crore while Domestic Institutional Investors sold shares of Rs. 876.06 crore in Indian equity market on May 20, as per data NSE data.
Nifty and Bank Nifty Strategy for Tomorrow (21 May 21)
As per Live data at 2120 hrs on 20 May 21, Nifty showing up by 110 Points. Now Dow Jones showing 345 point up and Nasdaq showing 211 points up, Crypto currency now recovery from its low and able to sustain above 40,000. FII Data is still mild positive and DII Data is negative, Following level keep in mind for Friday trading session.
FII Data : Neutral
DII Data : Negative
F&O Data : Neutral
Sentiment : Positive
Nifty Trading Strategy For Tomorrow (21 May 21)
If Nifty opens Gap down near 14875-14950 then must buy Immediate support 14800
If Nifty opens near 15025-15070 then attempt for sell side so index may approach 15025-15000 then Immediate Resistance will be 15125.
Bank Nifty Trading Strategy For Tomorrow (21 May 21)
If Bank Nifty opens Gap down near 33125-33525 then go for buy side Immediate support will be 33000
If Bank Nifty opens near 33525-33750 then also go for buy side Immediate support will be 33125
Important Support & Resistance for Tomorrow
Support : (Nifty : 14800 & Bank Nifty : 33000)
Resistance : (Nifty : 15175 & Bank Nifty : 34500)
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Latest Corporate Action
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- F&O Ban on NSE
Cadila, NALCO, PNB, BHEL, Jindal Steel and SAIL securities are under the F&O ban for tomorrow (May 21).
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Good initiative