Last day of FY2022/23: 16800 key support, 17343 key resistance for Nifty
નાણાકીય વર્ષનો છેલ્લો દિવસઃ નિફ્ટી માટે 16800 મહત્વનો સપોર્ટ, 17343 મહત્વની રેઝિસ્ટન્સ
Ahmedabad, 31 march: On Wednesday, the benchmark BSE Sensex closed 346 points higher at 57,960, and the Nifty ended 129 points higher at 17,080. On Wednesday, after flat opening, Nifty traded above 17,000 after making a day low of 16,940.40 in the morning trade. Nifty closed on a higher high candle on the daily chart. Intraday traders can look for long opportunities only above the resistance level of 17,130 if the closing comes above 17,130 in15min chart. Traders can look for fresh shorts only if nifty breaks the 16,900 level & remains below for 15 min to ensure short position.
Nifty Intraday Resistance and Support
Support 3 | Support 2 | Support 1 | Nifty | Resistance 1 | Resistance 2 | Resistance 3 |
16,972 | 16,864 | 16,787 | 17,081 | 17,158 | 17,235 | 17,343 |
Following up on the flat opening on Wednesday, Bank Nifty traded above 39,800 after making day low of 39,609.55 Bank nifty remains sideways near 200 DMA. Today, intraday traders can look for long pportunities only above 40,100, and the price should remain above 40,100 for 15 minutes to confirm a long position. To confirm a short, the bank nifty needs to break the low of 39,100 & sustain it for 15 minutes.
Bank nifty Intraday Resistance and Support
Support 3 | Support 2 | Support 1 | Bank Nifty | Resistance 1 | Resistance 2 | Resistance 3 | 39,661 | 39,413 | 39,216 | 39,910 | 40,552 | 40,304 | 40,107 |
Intraday Picks
Sr no. | Scrip | Close | Target 1 | Target 2 | Stop loss | Recommendation |
1 | SBIN | 516.5 | 522 | 527 | 515 | BUY ABOVE 518 |
2 | TATA STEEL | 103.6 | 106 | 106.9 | 103.5 | BUY ABOVE 104.5 |
3 | NMDC | 110.2 | 112.7 | 114 | 109 | BUY ABOVE 110.6 |
4 | INDUSIND BANK | 1057.1 | 1080 | 1095 | 1055 | BUY ABOVE 1064 |
5 | LICI | 531.85 | 525 | 520 | 533 | SELL BELOW 530 |
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ, ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)