Nifty Pre-Market: Will Bulls or Bears Win the Monday Match?
Nifty 50 closed with over half a percent gains reclaiming 22,000 level on February 16. Nifty gained further with a gap up opening and once again breached above the 22,000 zone and sustained the levels with bias maintained strong expecting to retest the previous peak levels in the coming sessions. The index would have the 21,800 level as the important support zone and can expect higher targets of 22,400 and 22,800 levels once a decisive breakout above the previous peak level is confirmed.
Our Recommended Strike Price was Nifty 22050 – 22150
Potential Level : 22372.13, 22340.81, 22151.53, 22120.2, 22000.2, 21968.87, 21779.59 & 21748.27
Bank Nifty Pre-Market Buzz: Bulls or Bears in Control for Monday?
Bank Nifty index remained above the 46,000 mark on Friday and closed with 166 points gains at 46,385.Bank Nifty, with a gap up opening, surged ahead but witnessed resistance near the 46,700 zone and with profit booking seen slipped down to end near 46,400 levels. The index would have the crucial hurdle of 46,800 levels which need to be reached to expect further upward move while on the downside the levels near the significant 50EMA zone of 46,100 would be the near-term support level
The bulls maintained their dominance, leading to positive momentum throughout the day. Despite facing minor rejections at the immediate hurdle of 46,700, the overall undertone remains bullish. Any dips are seen as buying opportunities, especially with strong support identified in the 46,000-45,800 zone
Our Recommended Strike Price was Bank Nifty 46400 – 46900
Potential Level : 47238.64, 47172.5, 46772.84, 46706.7, 46453.3, 46387.16, 45987.5 & 45921.36
Stocks on News
ZEE : Zee Entertainment has alleged that Star India has not acted in accordance with the agreement between them over the sharing of the TV broadcast rights of ICC cricket matches and has sought a refund of Rs 68.54 crore from the Walt Disney-owned firm.
Our Recommended Strike Price for ZEE 182.50 – 190