Transcription
[Music] Welcome to J Business, Managing Editor Anil Singh also. Anil Sir, good morning. Gift Nifty is also giving signs of a healthy start today. How are the triggers looking, Sir? Morning Swati. See, the signals are mixed. On one hand, the US markets showed slight strength in trading, while after our markets closed, Dow Futures were down 250 points. In comparison, they closed in the green. The fall of around 750 points in Nifty was as expected. So, nothing happened in the US markets that was unexpected. The Asian markets showed a decent start. That's why we haven't fallen much. Statements regarding the war are coming as they always do. On the other hand, your crude oil is slightly down, around $1.8 to $6. The third thing is that looking at our own signals, there was a strong fall in yesterday's session, but FIIs and domestic funds did not sell significantly. In fact, net-net in cash, FIIs and they have bought, and net-net, FIIs have sold only 2000 crores. Yes, there are also some big block deals in front, around 2300-2400 crores, which also has an impact. So, overall, the point is that there are no signs of a very big rally, nor are there signs of a very big downturn. It's not like something very bad will happen, and yesterday, to a large extent, we had already digested the fall in the market by anticipating the fall in America. So, my belief is that support should be taken around yesterday's lows. Once Nifty holds the level of 23,775 and Bank Nifty holds the level of around 57,000, then it's fine. These are the first support levels intraday. And the second thing to understand is that the expiry pressure from yesterday is also over today. So, I think if there's a start, a buying opportunity can be created for you again today with a small stop-loss. Yes, absolutely Sir. Now, in such a situation, let's understand the important levels from you for Nifty and Bank Nifty. See, 23625-23775 will act as good strong support for you, and if Nifty comes to this level, you should definitely buy. And in the upper range, consider 23900-24000 as a small resistance range. As far as Bank Nifty is concerned, 56000, although 57000 is the support, 57000 should not be broken. If by mistake it starts trading below 57000, then 56600-56875 will then become a good strong support for you for Bank Nifty. On the upside, a recovery can be made in Bank Nifty, and in this recovery, you need to book profits at the upper levels. Crossing 57800 will be difficult for Bank Nifty, so the closer you can book profit, the better. And its range will be for you 57550-57800, in which range you should book profit in Bank Nifty. So, keep an eye on these ranges and levels. Yes, absolutely noted Sir, and