Wednesday, February 23, 2022

NIFTY BANKNIFTY LEVELS PREDICTION FOR TOMORROW 24 FEB 2022

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Nifty had tested the crucial 16800 support yesterday from where it started to recover. Today nifty opened a gap  and tried to continue the recovery process. However, it failed to sustain above the main hourly moving averages and turned negative at the end of the day. Regarding the price pattern, Nifty has formed a triangle pattern on the daily chart and is consolidating within the pattern. The bottom of the pattern comes in at 16,800 while the top comes in at 17,300. Nifty is expected to see further consolidation in this range that may resume the larger uptrend.

NIFTY IMPORTANT LEVELS:
SUPPORT: 17001, 16934, 16759
RESISTANCE: 17176, 17284, 17459














BANKNIFTY IMPORTANT LEVELS:
SUPPORT: 37260, 37101, 36694
RESISTANCE: 37667, 37915, 383


5000/- PROFIT BOOKED IN BANKNIFTY FUTURE

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BANK NIFTY FUT ACHIEVED 1ST TARGET @ 37735 BUYING CALL GIVEN FROM 37535 BOOKED PROFIT OF  5000
HOLD 2ND LOT TARGET FOR FINAL TARGET 

NIFTY FUTURE LEVELS FOR TODAY 23 FEB 2022

 BUY NIFTY 2 LOTS ABOVE 17184 TG 17254/17320 SL 17106

BUY BANK NIFTY 2 LOTS ABOVE 37535 TG 37735/37920
SL 37315

Tuesday, February 22, 2022

NIFTY LEVEL PREDICTION FOR TOMORROW 23 FEB 2022

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Today, the market continued its unprecedented move, correcting 2% in the pre-open and later recovering in the 2nd half. Investors are advised to exercise caution in their trades. We expect small and mid-caps to lead the market recovery after the end of the Russia-Ukraine crisis. For nifty, 17000 will act as a very strong support on its break we might see 16900 levels and if this level is also broken then the next stop will be around 16850 levels. On the upside 17160 will act as a very strong resistance, if nifty breaks above these levels the next stop will be around 17225 which if broken will take the markets to the 17300 level.
SUPPORT:16893,16725,16431
RESISTANCE:17187,17313,17607


17000/- PROFIT BOOKED IN CASH CALLS

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LAURUSLAB CASH 1ST TARGET ACHIEVED @ 538 BUYING CALL GIVEN FROM 532 BOOKED PROFIT OF  3000 (500 SHARES )

 GUJRAT GAS 1ST TARGET ACHIEVED @ 655 BUYING CALL GIVEN FROM 648
 BOOKED PROFIT OF 3500 ( 500 SHARES )

  TVS MOTOR BOTH TARGET ACHIEVED @ 653/660 BUYING CALL GIVEN FROM 646
BOOKED PROFIT OF 10500 ( 1000 SHARES )

INTRADAY EQUITY CASH CALLS FOR 22-02-2022

 BUY LAURUSLAB  ABOVE 532 TG 538/544 SL 525

BUY GUJRAT GAS ABOVE 648 TG 655/662 SL 640

 BUY TVS MOTOR  ABOVE 646 TG 653/660 SL 638

Monday, February 21, 2022

59225/- PROFIT BOOKED IN STOCK FUTURE CALLS

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VOLTAS FUT 1ST TARGET ACHIEVED @ 1260 BUYING CALL GIVEN FROM 1250
BOOKED PROFIT OF  5000

 TATA MOTORS 1ST TARGET @ 490.50/493 BUYING CALL GIVEN FROM 487.50
BOOKED PROFIT OF 24225

 HAVELS FUT BOTH TARGET ACHIEVED  1196/1206 BUYING CALL GIVEN FROM 1186
BOOKED PROFIT OF  15000

 BANK NIFTY FUT BOTH TARGET ACHIEVED @ 37460/37660 BUYING CALL GIVEN FROM 37260 BOOKED PROFIT OF 15000

STOCK FUTURE TIPS FOR 21 FEB 2022

 BUY VOLTAS 2 LOTS ABOVE 1250 TG 1260/1270 SL 1238

 BUY TATA MOTORS 2 LOTS ABOVE 487.50 TG 490.50/493.50 SL 483.50

BUY HAVELS 2 LOTS ABOVE 1186 TG 1196/1206 SL 1174

BUY BANK NIFTY 2 LOTS ABOVE 37260 TG 37460/37660 SL 37040