16th Jan Market Analysis: How will Nifty, Bank Nifty and Nifty IT move in the market tomorrow, know where money will be made?

Stock Market Latest News: If you also want to know the strategy of tomorrow's market or you also have any confusion about tomorrow's market move, then today we will tell you what kind of business tomorrow in Nifty, Bank Nifty and Nifty IT can be seen.


Stock Market Observations: It is very important for investors investing money in the stock market or for those doing day trading to know the mood of the market. 


If you also want to know the strategy of tomorrow's market or you also have any confusion about tomorrow's market move, then today we will tell you what kind of business can be seen tomorrow in Nifty, Bank Nifty and Nifty IT. . Along with this, their opening and closing can take place in the market tomorrow. 


Today Opening Was Done With GapUp


According to research analyst Gaurav Sharma, talking about yesterday's data, bullish movement was seen in the market yesterday. 


In this situation, the center of the market could have been formed somewhere between the level of 17950 to 18050, but the global market Dow Jones closed with a big gain, breaking the 17-day trade range, due to which the market opened with a gapup.


There may be a fall in the market tomorrow,


Today the domestic market went up to the high of 17920-17945. After this, if we talk about banking shares and IT stocks, then profit booking was seen in it. 


There is a lot of sensitivity being seen in the market on both these sectors, due to which a decline can be seen in the market tomorrow. 


Let's check today how was the business in Nifty, Bank Nifty and Nifty IT-


Nifty

>> Nifty Opening Level - 17920

>> Nifty High Level - 17945

>> Nifty Low Level - 17761

>> Nifty Closing Level - 17858


Bank Nifty 

>> Bank Nifty Opening Level - 42238

>> Bank Nifty High Level - 42343

>> Bank Nifty Low Level - 41742

>> Bank Nifty Closing Level - 42082


Nifty IT 

>> Nifty IT Opening Level - 28722

>> Nifty IT High Level - 28832 >>

Nifty IT Low Level - 28509

>> Nifty IT Closing Level - 28720


Know what is the opinion of the expert?


According to research analyst Gaurav Sharma, at present a defensive zone of 17774 level is being seen in the market. Taking the support of this level, fast recovery can be seen in the market. 


Along with this, Nifty recovers from 17858 level and Bank Nifty recovers from 41742 to 42082 and Nifty IT Index recovers from 28509 and closes at 28720 level near its opening price. 


FII/DII Data Update


If we talk about the data, volatility must have been used to create new positions in it. Along with this, if we look at the figures of FIIs and DIIs, then the same thing will be seen in this too. 

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