Pre-Market Report for 03/01/2023
Yesterday Nifty closed near 18200 which was nearly 90 points higher than the previous day closing. Yesterday Nifty had followed the support and resistance level. Now Nifty is nearly in breaking the resistance level. The foreign institutions have been net sellers that they sold 212.57cr which is comparatively less than they sold last weekend. The domestic institutions have been net buyers that they bought 743.35cr which is higher than the foreign institutions. Other major markets are in holiday so there is no significant effect on our market. Today Nifty will take Support level at 18200. If it breaks the support level, it will take other support level at 18000. It will take Resistance level at 18300 if it breaks the market will have up trend. Tata Steel is the top performer in Nifty 50 stock it gained more than 5% yesterday alone. Nifty future is indicating 20 to 30 points gap down SGX Nifty also indicating 20 to 30 points gap down and Major index futures are indicating downside. The support level will act as resistance level for the day. After gap down, the market may tend to move up if the selling pressure is less the market will end up in positive. Hope Market will not fall much.
|
Indices |
Open |
High |
Low |
Close |
|
Nifty 50 |
18,131.70 |
18,215.15 |
18,086.50 |
18,197.45 |
|
Sensex |
60,871.24 |
61,222.79 |
60,764.63 |
61,167.79 |
|
Bank Nifty |
43,038.25 |
43,382.75 |
42,961.75 |
43,203.10 |
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