Trading Idea for 29 Mar 22 (Tuesday): Important data to know before market opening

Sgx Nifty up by 02 points at 17281.50 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 35525. 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. 801.41 crore while Domestic Institutional Investors buy shares of Rs. 1161.70 crore in Indian equity market on Mar 28, as per data NSE data.

Nifty and Bank Nifty Strategy for Tomorrow (29 Mar 22)

Sgx Nifty is up by 02 Points at 17281.50 whereas Nifty closed on Monday at 17222 Now Dow Jones future showing 281 point down and Nasdaq showing 26.50 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 : Positive

Sentiment : Mild Positive

Nifty Trading Strategy For Tomorrow (29 Mar 22)

If Nifty opens up near 17425-17475  then go for sell side Immediate Resistance 17525  Target will be 17375 & 17325.

If Nifty opens gap down near 17125-17175 then go for buy side immediate Resistance 17425 & Keep Stop loss at 16975 Target will be 17225 & 17275 & 17325.

Bank Nifty Trading Strategy For Tomorrow (29 Mar 22)

If Bank Nifty opens near 36375-36450 then go for sell side Immediate support 36050 & 35525 and immediate resistance at 36050 Target will be 36050 & 35800

Important Support  & Resistance for Tomorrow

Support : (Nifty : 17225 & 16975 & Bank Nifty : 35525)

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

F&O Ban on NSE

Vodafone idea, PVR and Sun Tv securities are under the F&O ban for tomorrow (Mar 29).

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