Nifty Spot View: 27/01/2023
Cmp: 17891.95
Support & Downside Range: 17846—17761--17700
Resistance & Upside Range: 17930—17982—18025--18080
Short Term Trend Reversal Level: -- 18265
Trading View: In today's trading session key level to watch is 17846 spot levels if bulls manage to hold this levels then we may see upside bounce towards 17930 to 17982 minimum and max 18025 to 18080 levels whereas if we break 17846 then we may see immediate downside level 17761—17700 as next lower levels.
Caution
The market is in a bearish zone and also after this big candle, we would not trade immediately.
Also, next week we are having budget. So trade with less quantity.
Wanna say good bye to the losses then you must check our Nifty tip for intraday and you are good to start making profit on a daily basis.
NIFTY rolls in line with the previous month of 79% , and monthly chain shows support built up at 17000PE and upside no aggressive additions.. This indicates hedging done at large ahead of budget and no decisive trend to preempt... Day range lies in between 17750-18100 zones... Selling at rise towards the range is more advisable
Banknifty range in between 41200-42200
Nifty live update cmp 17534 a break above 17610 will get first sign that sell off is done and we may find a short term pause here which is happening due to Adani group news. above 17610 we may head towards 17720—17785 here we may see first point of hurdle so now 17610 is crucial to get confirmation that sell off got pause
Closing update : Hindenburg Report fiasco
MarketAtClose | Mkt closes at a 3-month low as Adani Group shr fall triggers sharp cut in banks
BSE cos erase market cap of nearly Rs 11 lakh cr in last two sessions
Sensex falls 874 points to 59,331 & Nifty 288 points to 17,604
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
