Daily Nifty50 Analysis

NIFTY
1/3/2024
Overview- Adani portfolio of companies have posted a growth data of 63.6 % combined for the quarter. February GST collections at 1.68 lakh cr, 12.5% higher yoy. Indian FM announces that Semi-conductor, AI and Deep sea will be priority sectors in India.

Outlook for 2/3/2024- Special trading session will be conducted tomorrow starting 9:15-10 and 11:30 to 12:30 to test Disaster management site of NSE. Markets showed very strong buying today in response to the GDP numbers. Nifty now trading at all-time-high. Important resistance levels can be taken as the Fib extension levels of 22371 and 22400. While important support at 22280 and 22210.

Note- This is purely Educational and not Investment advice.