Trading Idea for 28 Mar 22 (Monday): Important data to know before market opening

Sgx Nifty up by 53 points at 17244.50. The nifty Support level is placed at 17125 & 17075 followed by 16975. If Nifty starts going up, then the resistance level will be 17425 and 17525 While the Bank Nifty support level is placed at 35050 and 34525. If Bank Nifty starts going up, then the resistance level will be 36050 and 36525.

FII and DII data

Foreign Institutional Investors sold shares of Rs. 1507.37 crore while Domestic Institutional Investors buy shares of Rs. 1373.02 crore in Indian equity market on Mar 25, as per data NSE data.

Nifty and Bank Nifty Strategy for Tomorrow (28 Mar 22)

Sgx Nifty is up by 53 Points at 17244 whereas Nifty closed on Friday at 17153 Now Dow Jones future showing 150 point up and Nasdaq showing 11.25 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 (28 Mar 22)

If Nifty opens up near 17225-17275  then go for sell side Immediate Resistance 17325 & 17525 Target will be 17175 & 17125.

If Nifty opens gap down near 17025-17075 then go for buy side immediate Resistance 17225 & Keep Stop loss at 16975 Target will be 17125 & 17175.

Bank Nifty Trading Strategy For Tomorrow (28 Mar 22)

If Bank Nifty opens near 35775-35850 then go for sell side Immediate support 35325 & 35050 and immediate resistance at 36050 Target will be 35050 & 34800

Important Support  & Resistance for Tomorrow

Support : (Nifty : 17225 & 16975 & Bank Nifty : 34525)

Resistance : (Nifty : 17325 & 17525 & Bank Nifty : 36050 & 36525)

Latest Corporate Action

• Anant Raj Limited – Anant Raj limited has informed the exchange about board meeting to be held on 28 Mar 22 to consider the making the First and Final Call of Rs. 400,00,00,000 (Rupees Four Hundred Crore only) with respect to 4750 secured unlisted, redeemable, non-convertible debentures bearing face value of Rs. 10,00,000/- (Rupees Ten Lakh Only) each at par aggregating up to Rs. 475,00,00,000/- (Rupees Four Hundred and seventy five crores only) allotted by the company on Jan 04, 2022.

• Ruchi Soya Industries Limited  – Ruchi Soya lndustries limited has informed the exchange the intimation of meeting of board of directors of the company to be held on March 29, 2022 for the purpose of determining the issue price and the anchor investor issue price. Intimation already submitted on March 23, 2022.

• Gail (India) Limited – Gail (India) limited has informed the exchange about board meeting to be held on 31 Mar 22 to consider buy back of the fully paid-up equity share of the company.

• Advani Hotels – Advani Hotels and resorts limited has informed the exchange about board meeting to be held on 29 Mar 22 to consider other business matters.

• F&O Ban on NSE

Indiabulls Housing Finance, Vodafone idea, L&T Finance Holding, SAIL, and Sun Tv securities are under the F&O ban for tomorrow (Mar 28).

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