Best Nifty Buy and Sell Levels For Tomorrow (22nd September : Friday)

The fall in the first half of the day was mainly led by fall in banks as investors booked profits a day after the US Federal Reserve signaled one more rate hike by the end of this year. The Fed held interest rates steady and announced a plan to start shrinking its balance sheet by reducing its holdings of US Treasury bonds and mortgage-backed securities. Fall in rupee on account of FEDs plan to unwind balance sheet and a rate hike by the end of the year impacted the market sentiment. However, market gradually recovered from low as liquidity was driven to export oriented sectors like IT & Pharma to take the benefit of the dollar and of regulatory approvals. The broader markets underperformed the frontline indices with BSE midcap and BSE Smallcap down 0.3% and 0.5% respectively. The S&P BSE Sensex ended the day at 32,370, down 30 points while the broader Nifty50 index settled at 10,121, down 19 points

Best Nifty Buy and Sell Levels For Tomorrow (22nd September : Friday)

nifty tips

TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 10160, 10210
SUPPORT: 10050, 10000
STRATEGY: SELL ON HIGH

BUY TFCILTD ABOVE 176.5 TARGETS 179 , 181.5 , 184 STOPLOSS 171.5
BUY HSCL ABOVE 141.5 TARGETS 143.5 , 145.5 , 147.5 STOPLOSS 137.5
BUY IPCALAB ABOVE 587 TARGETS 595 , 603 , 611 STOPLOSS 571

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