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Stock Market Daily Updates: 13 Sep 2021

Nifty Future has Downside support levels are at 17303 – 17272 Point; below 17272 Point, other support levels are at 17202 – 17170 Point.

Photo Credit :

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Dear Trader…

NIFTY gained 45.65 points or 0.26 per cent to close at 17,369.25 points.

FII and FPIs, on Thursday saw a net purchase of Rs 423.44 crore in the cash segment. A total of Rs 9829.59 crore was sold against a total purchase of Rs 10253.03 crore. Domestic institutional investors saw a net purchase of Rs 704.21 crore in the cash segment. A total of Rs 4525.39 crore was sold against a total purchase of Rs 5229.60 crore.

Nifty Future has resistance at 17404 – 17434 Point; above which other resistance levels are at 17474 - 17505 Point with highly Volatile Trend,

Nifty Future has Downside support levels are at 17303 – 17272 Point; below 17272 Point, other support levels are at 17202 – 17170 Point.

I am positive for the next bullish trend only above @ 17474 Point but be with the trend. Let the market decide further moves.

If Nifty Future crosses @ 17474 Point, again then the upper side target is quite high and it may touch @ 17505 Point in the short term...!!!

Ø Bank Nifty Future closed @ 36772 as on 09.09.2021..!!

Dear Traders,

Bank Nifty Future has resistance at 36808 – 36888 Point; above which other resistance levels are at 36930 – 37077 Point with highly Volatile Trend,

Bank Nifty Future has Downside support levels are at 36606 – 36474 Point; below 36474 Point, other support levels are at 36303 – 36160 Point.

I am positive for the next bullish trend only above @ 37077 Point but be with the trend. Let the market decide further moves.

As we are saying from many days, Buying is suggested in falls only...and it’s still a better strategy in the given Scenario, regarding Long term positions, it is preferable to remain cautious now...!!

If Bank Nifty Future crosses @ 37077 Point, again then the upper side target is quite high and it may touch @ 37202 Point in the short term...!!

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Nikhil Bhatt | Research Analyst - SEBI

The author is a well established entrepreneur having a more than 16 years of experience in the field of stock market and financial management.

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