Pre-Market Update - Feb 16th
Nifty / Bank Nifty, Stocks In News

Nifty 1 Hr Timeframe Analysis

Nifty closed at 18015.85 (+0.48%). As described in the 15th Feb blog, Niftty broke the resistance of 17961 on upside.

Nifty broke the resistance a retest might spot of 17961 and up move can expect.

Bank Nifty 1 Hr Timeframe Analysis

 Bank Nifty closed at 41731.05(+0.20%). BN reacted from the supply zone of 41920-41540 as described in yesterday's blog. BN facing the resistance of the supply zone if not able to break then a fall might spot towards immediate support of the 40801 level. 

For any up move, BN needs to cross the supply zone present above at the 41540 level. 

Stocks in News

• Amal Ltd fixes Feb 21, 2023 as record date for 24:77 rights issue
  
• AMD Industries Ltd posts net profit of Rs. 1.11 crore in Q3FY23
  
• Vijay Solvex Ltd Q3 FY2022-23 consolidated PAT declines to Rs. 1.39 crore
  
• Panacea Biotec Ltd Q3 FY2023 consolidated net profit up at Rs. 19.37 crores

Sector Heat Map 

Heatmap from Trendlyne website

Analysis by
Dixit from MT Team
Equity Research Analyst (Technical & Fundamental). Experienced Index Analyst.