Let's analyze the market for the day
The stock market in the last afew days has fallen drastically from its high. Today we are going to see what factors affected the market
US Bond rate: The US Bond rate has reached two years high. What does it mean now let's try to understand. A bond is one way of investment that most investors would like to do especially in the US and it is considered to be a safe investment. Now the market is at its high so expected from fall. So invested are in the mood of taking the money from Stocks to shifting the positions to Bonds. This is one of the reasons why we are seeing a big FII sell-off which could continue for a few days.
Nifty and Bank Nifty
Nifty is really facing a strong resistance near at 18000 So even yesterday on Expiry the Nifty only once it crossed that level but then after it has fallen significantly and being a weekend coming I am expected one more fall and then we could have a Budget rally.
Bank Nifty is doing a lot better than Nifty however the resistance is seen at 38200 to 38300 and downside I do not see much fall. I am expecting it could touch 37500 and could come today. But do not loose hope and when this happen to buy in small and hold till the end of this month expiry
Nifty Resistance at 18000
Support at 17500
Bank Nifty Resistance at 38200-38300
Support at 37000.
FII & DII Data
| FII/FPI trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores) | ||||
|---|---|---|---|---|
| Category | Date | Buy Value | Sell Value | Net Value |
| FII/FPI | 20-Jan-2022 | 7974.39 | 12654.23 | -4679.84 |
| DII trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores) | ||||
|---|---|---|---|---|
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 20-Jan-2022 | 6385.75 | 5616.49 | 769.26 |
