NIFTY50 Future Intraday support and resistances 24/01/2022NIFTY50 may open gap up because of good Q3 results of ICICIBANK, if nifty sustains at the upper levels we can see levels of 17800/17950 in NIFTY Future.
If on the lower hand levels of 17500 breaks in Nifty Future we can see levels of 17450/17320 in Nifty Future
HDFCBANK
ICICIBANK Intraday support and resistances 24/01/2022 after Q3ICICIBANK has posted exceptional Q3 results and is expected to open gap up on Monday, we can expect to see levels of 820-840 on Gap up, if this gap up sustains we can also see levels of 850/860 Intraday itself,
If there is no gap up, these levels can also act as Intraday Resistances
Nifty, Banknifty and top stocks analysis for tomorrow + levelsDespite a considerable gap down opening, the indices were able to recover well in the last half an hour. This was largely thanks to stocks like ICICI Bank, HDFC Bank, Reliance, etc. With Reliance earnings announcement scheduled for today, could the markets be ready for a 'dhamaka' on Monday?
hdfc Bank HDFC Bank Q3 Results: Profit jumps 18% YoY to Rs 10,342 cr on strong revenues
HDFC Bank on Saturday reported a net profit of Rs 10,342.2 crore in October-December quarter; registering an increase of 18 per cent year-on-year as strong growth in the private lender’s net revenues boosted its bottom line.
Net interest income for the quarter under review grew by 13 per cent to Rs 18,443.5 crore, up from Rs 16,317.6 crore a year ago.
The results were broadly in line with market expectations, which had pegged the on-year growth in net profit at 12-18 per cent ..
HDFC Looks very bearish on Chart for short termI am looking for a breakout and will trigger trade after confirmation as it is already fallen very much.
Keep eye on volume formation as the volume are more reliable in such situation.
HDFC is very bearish making inverted flag pattern in 1 hr time frame
Nifty is also at its upper end of the channel which add more safety to this trade .
My advice is that look for a potential entry with small sl. because the recovery in this situation will be very sharp so giving too much on a single trade is not a wise thing.
Again find small SL