Nifty Pre-Market Buzz: Key Levels to Watch for Today
Nifty has been oscillating between the zone of 21,500 and 21,800 levels for quite some time and once again witnessed a pullback from near the 21,650 level to end on a quite positive note near 21,750 levels with the broader market once again showing active participation.
Nifty is likely to take immediate support at 21,996, followed by 21,779 and 21,630 levels, while on the higher side, it may see immediate resistance at 21,810 followed by 22,027 and 22,244 levels.
Our Recommended Strike Price was Nifty 21650 – 21850
Potential Level : 22244.53, 22213.68, 22027.32, 21996.48, 21810.12, 21779.28, 21661.12 & 21630.28
Bank Nifty Pre-Market Buzz: Key Levels to Watch Today
Bank Nifty has been maintaining the important 200 period MA of 45,000 as the crucial support zone as of now. The index would have the daily range of 45,000-46,000 levels.”
Bank Nifty is expected to take support at 45,300, followed by 44,840 and 44,381 levels, while on the higher side, the index may see resistance at 44,905 followed by 45,365 and 45,824 levels.
Our Recommended Strike Price was Bank Nifty 45000 – 46000
Potential Level : 45824.92, 45759.67, 45365.42, 45300.17, 44905.92, 44840.67, 44446.42 & 44381.17
Stocks on News
Hindalco Industries : Hindalco Industries on Tuesday reported 71% growth in its consolidated net profit at Rs 2331 crore for the quarter ended December 2023.
Our Recommended Strike Price for Hindalco Industries 500 – 525
BPCL : BPCL Trust may offload stock worth Rs 400-500 crore in the fuel retailer through block deal on Wednesday, according to reports.
Our Recommended Strike Price for BPCL 582.50 – 597.50
Eicher Motors : Eicher Motors reported a strong 34.4% year-on-year (YoY) growth in consolidated net profit for the quarter ended December to Rs 996 crore.
Our Recommended Strike Price for Eicher Motors 3800 – 3950
Wipro : Wipro to acquire 60% stake in Aggne Global for $66 million
Our Recommended Strike Price for Wipro 492.50 – 515