Indian Stock Market: Nifty and Bank Nifty Technical levels for Expiry Day

Indian Stock Market F&O Expiry

The global cues were positive today morning for the Indian stock market, Singapore Nifty (SGX Nifty) was also up 42 points around 9 am. Indian Stock Market opened in a positive zone in the morning, the benchmark indices have trimmed their early gains and started trading low in the afternoon session. Almost all the indices have turned in to red, rupee slipped after the news flashed of fresh geopolitical tension.



In the end, the Nifty was down 28.60 points at 10806.70 and Sensex was down 68.28 points at 35905.43. The Bank Nifty too declined 153.65 almost 0.58 percent from yesterday's close. Nifty small and mid caps closed marginally higher today. Sellings are mostly seen in IT, Bank and Metal sectors today.

Nifty 50 Stocks Gainers and Losers of the Day

Top 5 Nifty 50 Stocks Gainers of the Day
Company Name	LTP  (Rs )	Prev Close (Rs )	Change (Rs )	Change (%)	52 week H/L( Rs)
UltraTech Cem.	3,889.10	3,788.55	100.55	2.65	4,493.65-3,260.45
Bajaj Auto	2,914.70	2,859.30	55.40	1.94	3,194.95-2,420.00
UPL	869.30	855.05	14.25	1.67	871.90-537.25
Sun Pharma.Inds.	442.70	435.75	6.95	1.59	679.30-370.20
Bharti Airtel	320.15	315.45	4.70	1.49	436.60-276.85
Top 5 Nifty 50 Stocks Losers of the Day
Company Name	LTP  (Rs )	Prev Close (Rs )	Change (Rs )	Change (%)	52 week H/L( Rs)
Bharti Infra.	296.75	308.00	-11.25	-3.65	352.20-242.25
Wipro	374.40	387.65	-13.25	-3.42	388.95-253.50
Vedanta	164.65	169.70	-5.05	-2.98	345.00-145.80
Tata Motors	177.35	182.65	-5.30	-2.90	376.60-129.00
Titan Company	1016.25	1038.35	-22.10	-2.13	1,076.85-732.30

Tomorrow's Event in Indian Stock Market

Tomorrow is 28th February, the last Thursday of the month, F&O expiry is there. Indian Stock Market is already volatile due to the geopolitical tension, the market will remain volatile on the expiry day also. GDP growth rate is going to be released on 28th Feb after market hours. The market will react to the GDP data on the next day i.e 1st March.

Nifty Future Technical Levels For Tomorrow 28th Feb

Nifty Future Primary Trend- Sideways Volatile  – Real-Time Volatility of 10.6409% (Range of 85 Points)

Nifty Future Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 10860 whereas all down moves initiate Short Covering (Buy) @ 10740

If Nifty future moves above 10825 then you should Buy with 1^st Target of 10897 during the day with a Stop Loss of 10775 For the Target of 10897-10935-10970- 11020 

If Nifty future moves below 10775  then you should Sell with 1^st Target of 10705 during the day with a  Stop Loss of  10825 FOR the Target of 10705-10665-10627- 10580

Bank Nifty Future Technical Levels For Tomorrow 28th Feb

Also, read the article Stock Market Investment 2019: Which one would you prefer Large, Mid or Small Cap Stocks?

Bank Nifty Future Primary Trend: Sideways Volatile - Real-Time Volatility of 11.7263% (Range of 230 Points)

Bank Nifty Future Range Bound Trend: All up moves initiates Profit Booking (Sale) @ 26945  whereas all down moves initiate Short Covering (Buy) @ 26650

If Bank Nifty future moves above 26855 then you should Buy with 1^st Target of 27030 during the day with a Stop Loss of 26740 For the Target of 27030 -27125 - 27210- 27325  

If Bank Nifty future moves below 26740  then you should Sell with 1^st Target of 26560 during the day with a Stop Loss of 26855 FOR the Target of 26560 - 26470 - 26380- 26270

Conclusion:

As per the technical analysis, the chart is showing both Nifty and Bank Nifty trends are sideways volatile. Technical levels are mentioned above, you can take views and levels of both Nifty and Bank Nifty for tomorrow's trade. Indian stock market will be volatile tomorrow because of three reasons Monthly Expiry, Geopolitical Tension, and GDP data. Traders should remain cautious or hedge positions for any carry forward trade. 

Also, read the article Stock Market trading holidays 2019: NSE | BSE

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Happy Investing!

Finogyan Team

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