Major indices corrected heavily yesterday during the Budget announcement due to the increase in STT in F&O and no respite in LTCG.
Nifty, Sensex and Bank nifty went minus by almost 500,1200 and 1500 points respectively. We expect the selling to continue further. Additionally, the selling in metals could continue as global tensions between US-Nato and Russai-Ukraine seems to be improving, so the focus could shift on stocks again.
🔹 NIFTY (Broke 100 MA)
* Previous Close: 24,825
* Expected Range: 24,500 – 25,000
🔹 SENSEX (Broke 100 MA)
* Previous Close: 80,723
* Expected Range: 80,000 - 81,000
🌍 Global & Market Sentiment
* DJIA: -179 | S&P: - 30
💰 Institutional Activity (Cash Market)
* FII: Net Sellers: - ₹ 588 Cr
* DII: Net Buyers: - ₹ 683 Cr
🔥 Events this Week:
India - S&P Global Manufacturing PMI (Jan)
📌 Sectoral Focus (Negative)
Metal, Energy, PSU Bank
👉 Commodities in Focus: Gold, Silver, Copper, Crude, Natural Gas
✌️Important Quarterly Results: Aarti, CUB, Indus Tower, Tata Chem, UPL
📈 Trade smart. Manage risk. Stay disciplined.
Nifty, Sensex and Bank nifty went minus by almost 500,1200 and 1500 points respectively. We expect the selling to continue further. Additionally, the selling in metals could continue as global tensions between US-Nato and Russai-Ukraine seems to be improving, so the focus could shift on stocks again.
🔹 NIFTY (Broke 100 MA)
* Previous Close: 24,825
* Expected Range: 24,500 – 25,000
🔹 SENSEX (Broke 100 MA)
* Previous Close: 80,723
* Expected Range: 80,000 - 81,000
🌍 Global & Market Sentiment
* DJIA: -179 | S&P: - 30
💰 Institutional Activity (Cash Market)
* FII: Net Sellers: - ₹ 588 Cr
* DII: Net Buyers: - ₹ 683 Cr
🔥 Events this Week:
India - S&P Global Manufacturing PMI (Jan)
📌 Sectoral Focus (Negative)
Metal, Energy, PSU Bank
👉 Commodities in Focus: Gold, Silver, Copper, Crude, Natural Gas
✌️Important Quarterly Results: Aarti, CUB, Indus Tower, Tata Chem, UPL
📈 Trade smart. Manage risk. Stay disciplined.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.