Nifty showing good strength in last 3 trading session tommorow is expiry if nifty sustain above 18263 then we can see 18396 if nifty break 18080 then we can see 17950 level again some heavy weight stock showing strength in last couple of days. over all market view positive if market can take a dip we can buy on every dip so use buy on dip strategy.
The Nifty futures price opened at 18112.00 making a positive opening of 22.00 points today. It has touched an intraday low of 18071 and a day’s high of 18224
The Nifty futures price has given a movement of 154 points today. In the end, it closed higher by 115.30 points or 0.64 percent and ended at 18204levels.
The Bank Nifty futures opened at 42401 It made a positive opening of 60 points. The Bank Nifty futures touched an intraday high at 42610.95 and a day’s low at 42216.00
During the day, the Bank Nifty futures have given a movement of 390 points. In the end, it closed higher by 176.80 points or 0.42 percent and closed at 42518 levels.
NIFTY FUTURE LEVEL
If nifty future trade above 18250 u can buy with the stoploss of 18190 for the target of 18370
Buy banknifty above 42700 Target of 43000 and sl of 42560
Global Stock Market Updates
Asian stock market indexes mostly closed in the red on Tuesday as investors worried about China’s GDP growth. The world’s second-largest economy posted one of its worst growth figures in decades. Global equities have enjoyed a rally so far in 2023, fuelled by hopes of a rebound in China’s economy after it relaxed its strict Covid curbs. But the latest Chinese data showed that the world’s second-biggest economy grew 2.9% in the fourth quarter of last year, beating expectations but far below the official target.
The key Asian market indexes Shanghai and Hang Seng fell after China’s released economic data while Nikkei closed higher on Tuesday. Japan’s Nikkei ended higher, rebounding from two straight sessions of heavy losses, as the yen’s relentless rise paused ahead of a crucial Bank of Japan (BOJ) policy decision.
European stock markets are trading slightly lower at 5 pm IST as investors are concerned about Chinese weak economic data released on Tuesday. Meanwhile, UK job data showed that the unemployment rate ticked up to 3.7% in the three months to November, from 3.5% in the previous quarter. The US future indexes, Dow and Nasdaq futures are trading slightly lower at this time indicating a negative opening for the US markets after a long weekend.
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