+91 9391421506
info@equidiusresearch.com
SEBI Regd.No.: INH200007016

Invest in Share Market with the Help of
Equidius Research Experts.

Get Daily Buy / Sell Ideas



As per SEBI Guidelines we need to have KYC Form for all paid Clients

Any kind of updation or modification in your New Advise or in Paid Services, kindly email us at info@equidiusresearch.com

KINDLY NOTE WE AT EQUIDIUS RESEARCH (www.equidiusresearch.com) DO NOT PROVIDE ANY PROFIT SHARING SERVICES, GUARENTEED SERVICES AND SERVICES WHICH ARE NOT MENTIONED ON OUR WEBSITE. IF ANY PERSON TRIES TO SELL ANY SUCH SERVICES ON OUR BEHALF, KINDLY CALL US ON +91 9391421506

We serve both traders and investors with our wealth creating short term and long term ideas.

We at Equidius Research provide best recommendations for stock market short term and long term investments and deliver our services most importantly to make your investments profitable in this highly volatile Equity Market.

Nifty formed a small bodied bearish candle on the daily chart and closed flattish but was hovering near the highs of the previous session.

Nifty moved in a very narrow range and closed the day at 17546 with minimal loss, forming a small bearish candle on the daily chart.

After making a smart recovery in the previous session, Benchmark indices had a volatile day, with a rally in realty, auto, IT and metal names helping indices to narrow losses at end of the day.

Despite hopeful signs in the global markets, domestic main indices traded in a narrow range to give away its early gains in today’s volatile session. However, the broad market was robust barring banks, all major sectors were in demand and media, metals and realty outperformed. 

Realty stocks were in focus owing to an increase in property registrations in September while easing jitters over the Chinese economy bolstered metal stocks. Investors traded cautiously awaiting the outcome of the FOMC meeting that will clear the air regarding Fed’s tapering plans. Federal Reserve meeting concludes on September 22.

Nifty has support around 17500/17430 and any dip near the level will be a buying opportunity, with an immediate stop below 17450 and resistance at 17600/17660 zone.

One can lock trading long gains around the said level. Overall range is still in between 17300 and17800 and either side breakout will decide the final direction.

Nifty remains in a medium term uptrend for targets of 18000 and above. Any meaningful correction is a good opportunity to buy. Support for the September series is seen at 17325, while resistance is expected at 17600/17770.

A breach of 17325 on the closing basis is expected to result in selling pressure to sub 17000 level. Auto and energy stocks traded with a positive bias, while metals are expected to consolidate before resuming uptrend.

After a robust pullback rally, Nifty witnessed a narrow-range activity near the 17600 resistance level. After a muted opening, Nifty hovered in the 17525/17610 range.

Intraday trading setup suggests 17600/17625 will act as the key resistance level for the day traders and below it, a quick intraday correction till 17500/17450 is not ruled out.

Except bank and FMCG, all sectoral indices ended in the green, with realty index rising over 8 percent. BSE midcap and smallcap indices rose 1 percent each.

Daily Technical Report | 23rd September 2021
Nifty & Bank Nifty Levels | 23rd September 2021
LevelsNiftyBank Nifty
Prev. Close1503033685
S11493833297
S21486333028
S31476532755
S41468632685
R11513333959
R21524334287
R31534034652
R41543134908

Performance Sheet

F&O (Intraday) –
March21
April-21
February-21

Positional Calls –
March21
April-21
February-21

B.RAJENDRA

B.E (Bachelor of Engineering – ECE) 1988-1992
SEBI Certified Research Analyst

View more

SHOW TIMINGS

Show Videos

© Copyright 2020 by Equidius Research. All Rights Reserved. 

Scroll UpScroll Up