Daily Stock Market Research Report 08-12-2022

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Nifty Closed at 18609.35 (48.85) (0.26%)

Pin Points on Today’s Market :

  • Nifty and Bank Nifty closed in Green. Nifty formed Inside Bar on Daily Chart. Bank Nifty has formed Higher High and Higher Low formation on Daily Chart. Bank Nifty given weekly breakout. Nifty is still in side on Weekly.

Support Resistance based Open Interest Activity for Tomorrow:

  • Resistance : 18700, 18800 
  • Support :  18500, 18400

Technical Levels For Trading Nifty Tomorrow

  • Breakout Above:  18630
  • Resistance:  18690, 18735, 18790
  • BreakDown Below:  18575
  • Support:  18515, 18470, 18395

BankNifty Closed at  43596.85 (498.15) (1.16%)

Support Resistance based Open Interest Activity for Tomorrow

  • Resistance : 43600, 44000
  • Support : 43500, 43000

Technical Levels For Trading Bank Nifty Tomorrow:

  • Breakout Above :   43650
  • Resistance :  43795, 43960, 44200 
  • BreakDown Below :   43535
  • Support : 43390, 43225, 42985

Stock to Keep Watch for Tomorrow

Note : Go for Buying only if Cross Prev.Day High and Sell only if Cross Prev.Day Low.

FOR ANY QUERY-CONTACT – 9227198780, 9227198798

A Disclaimer: This newsletter has been designed for informational and educational purposes Only.
It does not constitute an offer to sell nor a solicitation of an offer to buy any security, which may be referenced upon the site.

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