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Stock Market Daily Updates: 14 Sep 2021

Nifty Future has Downside support levels are at 17330 – 17303 Point; below 17303 Point, other support levels are at 17272 – 17260 Point.

Photo Credit :

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Dear Trader…

FII and FPIs, on Monday saw a net purchase of Rs 1419.31 crore in the cash segment. A total of Rs 7262.83 crore was sold against a total purchase of Rs 8682.14 crore. Domestic institutional investors saw a net sold of Rs 559.59 crore in the cash segment. A total of Rs 4723.47 crore was sold against a total purchase of Rs 4163.88 crore.

The market volatility is likely to continue as traders remain cautious over the uncertainty regarding the global economic recovery, US economic relief, the fallout of Afghanistan tensions and worsening corona virus crisis, traders should be focus more on the selection of stocks and trade management citing overnight risk and keep the strategy to buy fundamental specific stocks on every dips.

Ø INDEX MOVEMENT – 14.09.2021

Ø Nifty Future closed @ 17359 as on 13.09.2021..!!

Dear Traders,

Nifty Future has Downside support levels are at 17330 – 17303 Point; below 17303 Point, other support levels are at 17272 – 17260 Point.

I am positive for the next bullish trend only above @ 17434 Point but be with the trend. Let the market decide further moves.

If Nifty Future crosses @ 17434 Point, again then the upper side target is quite high and it may touch @ 17474 Point in the short term...!!!

Ø Bank Nifty Future closed @ 36576 as on 13.09.2021..!!

Dear Traders,

Bank Nifty Future has resistance at 36636 – 36707 Point; above which other resistance levels are at 36777 – 36808 Point with highly Volatile Trend,

Bank Nifty Future has Downside support levels are at 36474 – 36303 Point; below 36303 Point, other support levels are at 36232 – 36160 Point.

If Bank Nifty Future crosses @ 36808 Point, again then the upper side target is quite high and it may touch @ 36930 Point in the short term...!!

Ø Trading Idea for the derivative stocks….

Ø HDFC LTD @ Positive Trend @ Rs 2828 with Stoploss of Rs @ 2808 for the Target near @ Rs 2863 - 2870 in short term…..!!!

Ø BATA INDIA @ Positive Trend @ Rs 1760 with Stoploss of Rs @ 1744 for the Target near @ Rs 1793 – 1800 in short term…..!!!

Ø INFOSYS LTD @ Positive Trend @ Rs 1670 with Stoploss of Rs @ 1644 for the Target near @ Rs 1703 – 1710 in short term…..!!!

Ø INDIGO @ Negative Trend @ Rs 1920 with Stop loss of Rs @ 1944 for the Target near @ Rs 1880 – 1866 in short term...!!!

Ø TATA STEEL @ Negative Trend @ Rs 1490 with Stop loss of Rs @ 1507 for the Target near @ Rs 1460 - 1444 in short term...!!!

Ø ADANI PORT @ Negative Trend @ Rs 770 with Stop loss of Rs @ 780 for the Target near @ Rs 733 - 720 in short term...!!!

Ø JSW STEEL @ Negative Trend @ Rs 717 with Stop loss of Rs @ 733 for the Target near @ Rs 686 – 676 in short term...!!!

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Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.


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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