Happy New Year to each of you.
International markets are closed today, so no global trends including Comex for commodity markets.
Foreign investors pulled a record $16.5 billion out of Indian stocks this year.
This rout was worse than the one during the 2008 global financial crisis when FIIs pulled out roughly $12 billion from Indian stocks.
Domestic institutional investors bought $32.9 billion worth of equities in 2022.
The 1st week of the year is the year of resolutions. Most don't even start on those promises. We heard a lot of resolutions about trading and investing in 2023. We will discuss everything by today and tomorrow.
We are in the process of making our annual report Markets - 2023. Should be ready by today or tomorrow and then will share with you. The report will have details about bonds, equities, currencies, sector rotation etc which should help you understand and take trading decisions. Coming back to markets.
Nifty. Support is placed at 17960 and resistance at 18250. Buy on dips as long as 17960 is held.
BankNifty Support is placed at 42550 and resistance at 43400.
Trade less but with more confidence.
Stay tuned for announcements about trading skills and do not forget to get benefitted from our
best sebi registered bank nifty option tips provider services and start rolling in profit every day.