Pre Market Analysis of Bank Nifty and Nifty for 18-01-2024

Pre Market Analysis of Bank Nifty and Nifty for 18-01-2024

Nifty

Nifty has fallen nearly 460 points and bank nifty fell 2000 points. HDFC Bank result and its profit booking created mayhem in the market which affected other stocks in the financial sector. The Nifty IT sector holds its position till now. But NASDAQ and other global markets are down now. This may affect the IT sector too. Major support is 21470-500 and as per Gift Nifty, Nifty has already broken it and is near 21400 now. Tomorrow’s opening is crucial. Support in Nifty are 21380 & 21150.

Bank Nifty

Bank NIfty Future supports: 45850 & 45500