Skip to main content

NIFTY Setup for 23-Sep-2022 | Pre Market Report 23-Sep-2022

  • NIFTY 50 shown mild bullish reversal as sentiment turns sideways to positive. Downtrend may change.
  • NIFTY 50 should stay above 17628.33 for the confirmation of the trend change.
  • NIFTY 50 should cross above 17723 for the targets 17745.94 and 17818.63.
  • Or it may pullback to 17628.33.
  • NIFTY 50 sideways rank 1
  • Previous Close: 17629.80 (-88.55)
  • Sellers Zone: 17701.03 - 17722.75
  • Resting Zone: 17627.60 - 17629.07
  • Buyers Zone: 17532.45 - 17555.64
  • Resistances: 17701.03, 17745.94, 17818.63
  • Supports: 17555.64, 17510.73, 17438.03


Disclaimer: These are only suggestive technical rules that have been found to work well over time in the market. These are not any trading or investing recommendations. We suggest you to take advice from certified experts for trading and investing. Neither PickMyStox nor any of its associates are responsible for any trading or investing loss.

Topics:

Comments

Post a Comment

Popular Tutorials

India's Q1 FY24-25 GDP Slowdown: How Share market will react?

India's Q1 FY24-25 GDP growth rate has decelerated to 6.7% from 8.2% in the previous year. This news has sparked mixed reactions in the market, with analysts and investors weighing the implications for the country's economic outlook. Key Takeaways  * Mixed Bag : While the slowdown indicates a cooling economy, which could help alleviate inflationary pressures, it also raises concerns about the sustainability of India's growth momentum.  * Market Reactions : The news is likely to have varying impacts on different asset classes:    * Equity Markets : A potential negative reaction due to concerns about India's growth prospects. However, if the slowdown is seen as temporary, the impact could be limited.    * Bond Markets : A potential positive reaction as investors may perceive lower inflation risks.    * Currency Markets : The Indian rupee could weaken against the US dollar as investor confidence in the economy may decline. However, the Re...
Post a Comment
Read more

HDFC Bank's Q2 FY25 Result: What is positive and negative?

 HDFC Bank's Q2 FY25 results were mixed, with some positive and negative aspects. Positive Highlights:  * Net profit: The bank's standalone net profit increased by 5.3% YoY to ₹16,821 crore, beating market expectations.  * Net interest income (NII): NII grew by 10% YoY to ₹30,110 crore, indicating strong growth in core lending business.  * Asset quality: While gross non-performing assets (GNPA) rose slightly to 1.36% from 1.33% in the previous quarter, net NPAs remained relatively stable at 0.41%.  * Deposits: Total deposits grew by 15.1% YoY to ₹25,00,100 crore, with CASA deposits comprising 35.3% of the total.  * Advances: Gross advances grew by 7% YoY to ₹25,19,000 crore, with retail loans growing at a faster pace than corporate loans.  * Other income: Other income (non-interest revenue) increased by 7% YoY to ₹11,480 crore, driven by growth in fees and commissions. Negative Aspects:  * Margin pressure: The bank's core net interest ...
Post a Comment
Read more