Bulls vs Bears: Pre-Market Battle Heats Up – Who Will Win?
Nifty declined further after a consolidation breakdown on the hourly chart, indicating an increase in pessimism. The daily chart shows the index forming a lower top, signaling diminishing bullish sentiment.The momentum indicator aligns with this bearish outlook, displaying a crossover. The Nifty might remain sell on rise as long as it remains below 22100. On the downside, support is situated at 21650.
Our Recommended Strike Price was Nifty 21650 – 22100
Potential Level : 21996.29, 21965.18, 21846.02, 21814.91, 21626.96, 21595.85, 21407.9 & 21376.8
Will the Bank Nifty be a Bull’s Market or a Bear’s Feast? Stay Tuned!
Bank Nifty has been oscillating in a rangebound zone for the past 3 sessions and currently has closed just below the important 200 periods MA of 44800 level to weaken the bias and sentiment turning a little bit cautious. The index has got the crucial support of 44400 levels and would need to sustain that zone failing which the overall trend would turn bearish
Our Recommended Strike Price was Bank Nifty 44800 – 46000
Potential Level : 45824.92, 45759.67, 45365.42, 45300.17, 44905.92, 44840.67, 44446.42 & 44381.17
Stocks on News
Coal India : Coal India on monday reported 17% growth in its consolidated net profit at Rs 9,069 crore in the quarter ended december
Our Recommended Strike Price for Coal India 427.50 – 452.50
SAIL : Sail reported net profit of Rs 423 crore for the quarter ended December. Revenue from operation stood at Rs 23,348 crore.
Our Recommended Strike Price for SAIL 120 – 134