Kal-ki-baat-ajj-advance-nifty-and-banknifty-predictions-date- 24May-2022

 In Blog, Kal Ki Baat Aaj

Stock Market Highlights

Following a tumultuous session and a significant selloff in metal stocks on Monday, the major equity indices lost their earlier gains and closed with minor losses.

Tata Steel, Ultratech Cement, ITC, Power Grid Corporation of India, Housing Development Finance Corporation (HDFC), and HDFC Bank were the top losers on the Sensex pack on Monday, falling over 12.5 percent. M&M, Maruti Suzuki India, Hindustan Unilever, Larsen & Toubro (L&T), Asian Paints, and Kotak Mahindra Bank, on the other hand, were the top gainers.

After the government levied export tariffs on iron ore and several steel intermediaries this weekend, the Nifty Metal index fell 8.14 percent, pulled down by Jindal Steel & Power, Jindal Stainless (Hisar), JSW Steel, and Tata Steel. The Nifty Auto, on the other hand, gained 1.84 percent thanks to advances in Ashok Leyland, M&M, and Maruti Suzuki.

Market Indexes/India

Index Open Previous Close Today’s High Today’s Low
NIFTY50 16,290.95 16,266.15 16,414.70 16,185.75
SENSEX 54,459.95 54,326.39 54,931.30 54,191.55
NIFTY BANK 33,461.00 34,276.40 34,819.95 34,117.35
NIFTYIT 28,861.35 28,789.40 29,308.25 28,604.70
S&P BSE 26,498.77 26,351.29 26,523.32 26,155.58

Data of FIIs & DIIs

In the Indian Equity Share Market, The available provisional data of the National Stock Exchange (NSE).

Share worth Rs. 1,952 Crore were sold by Foreign Institutional Investors (FIIs), whereas shares worth Rs. 1,445 Crore was the bought by Domestic Institutional Investors (DIIs) on May 23.

Nifty future levels in advance EP-378, last closed at 16,214.

16447, will act as laxman rekha once cross then only think for selling !!

Otherwise, no buying we will buy @ lower level !!

Yes below 16127, yes keep stop loss of 16270____16347

Go short  , panic slide upto______15930________15830

Yes below 15830, n buying @ all on rise only sell !!!

Laxman rekha_ zone_  yes panic slide upto___15470_________15370

Bank Nifty future level in advanceEP-378, last closed at 34,247.

Dekha y anhi , i tod you 34830, will act as laxman rekha!!!

Today kissed 34800 & crashed vertically !!!

 

As expected, crashed verticlaly, yes no if no but   yes on rise only think for sell

Now 34456____________34656, will act as strong laxman rekha , near these level

Only sell,

Trend followers   mark my words below 33900, only panic !!!

33356____33156 yaad hai na below statment !!!

Yes below 33356 no buying @ all, yes o if no but, oly sell go short

Panic……….. Slide upto_32670________32356

Above 34830, once cross then only think,  mandi can be over

Upto _ 35630_______35870.

 

Disclaimer

Financial markets are volatile in nature and are subject to market risks. Please Note Neither Harinder Sahu / King Research or employees or associates will not be liable in any manner for the consequences of such action taken by you. This is only for educational purposes and not provide any advice/tips on investment or recommend buying and selling any stock. We neither take guarantee of profit nor stand responsible for any losses of any recipient. The recipients of this material should take their own professional advice before acting on this information the recipient is advice to read the information carefully before any investment.

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