MARKET OUTLOOK OF 21 FEB 2023

CALLS GIVEN TODAY (21 Feb 2023) TO CHECK CLICK ON  https://beststockfuturecalls.blogspot.com/2023/02/stock-trading-tips.html

6760 PROFIT IN TODAYS CALLS IN JUST 1 LOT TRADING

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VOLTAS FUTURE  ACHIEVED 1st TARGET @ 889.1 BUYING CALL GIVEN FROM 882 BOOKED PROFIT OF 4260/-

NIFTY   FUTURE ACHIEVED 1st TARGET @ 19850  BUYING CALL GIVEN FROM 17900 BOOKED PROFIT OF 2500 /-

Nifty ended flat following a volatile trading session. The bias remains negative as it falls back into the descending channel on the daily chart. Besides, the momentum oscillator RSI has entered a bearish crossover. On the lower end, immediate support is visible at 17,750, below which the selling pressure may increase. NTPC, Britannia Industries, Reliance Industries, Power Grid and Tata Steel were among the top Nifty gainers, while losers included Adani Enterprises, Apollo Hospitals, Coal India, Tata Motors and Bajaj Auto. On the sectoral front, Nifty PSU Bank index was down nearly 2 percent, while information technology, metal, pharma and auto indices lost 0.2-0.88 percent. Markets were extremely range bound with a negative bias as the shutdown of the US markets on Monday prompted investors to take a cautious stance. In fact, the markets have been more or less sluggish to negative over the past few sessions due to factors like rising interest rates, higher inflation, lingering geo-political tensions, and slowing growth. Technically, the Nifty has formed a bearish candle on daily charts which is broadly negative for the market. As long as the index is trading below 17,900, the weak sentiment is likely to continue and below the same it could slip till 17,750-17,700. On the flip side, a quick pullback is possible if the market trades above 17,900 and on further appreciation it could move up to 17,950-18,000.