Will It Be Red or Green? Nifty Awaits Cues for Tuesday Open
Nifty created history once again hitting the All-Time High level of 22,186 figure during the intraday session gaining for the 4th consecutive session strengthening the trend and is anticipated for further gains. With the strong support maintained near the 21,800 zone, the index is expected for higher targets of 22,400 and 22,800 levels in the coming days.
Our Recommended Strike Price was Nifty 22050 – 22250
Potential Level : 22233.87, 22202.43, 22081.97, 22050.53, 21860.55, 21829.11, 21639.13 & 21607.69
Bank Nifty at a Crossroads: Will Bulls or Bears Take Charge on Tuesday?
Bank Nifty once again witnessed resistance near the 46,700 zone and overall remained subdued for the entire session. As mentioned earlier, the index would have the crucial hurdle of 46,800 levels which need to be breached 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.
Our Recommended Strike Price was Bank Nifty 46400 – 46900
Potential Level : 47257.91, 47191.74, 46791.92, 46725.75, 46472.25, 46406.08, 46006.26 & 45940.09
Stocks on News
Kotak Mahindra Bank : Kotak Mahindra Bank has re-designated KVS Manian, currently a Whole-time Director and a Key Managerial Personnel of the Bank, as the ‘Joint Managing Director’ of the Bank.
Our Recommended Strike Price for Kotak Mahindra Bank 1720 – 1740
ONGC : Shareholders of ONGC’s step-down subsidiary Imperial Energy have approved the formerger of five companies IECL, IENL, RHL, BHL and SAIL (dissolving companies) with IEL (absorbing company).
Our Recommended Strike Price for ONGC 273 – 280