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Daily Technical Report For 19/01/2022

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Yesterday, after testing the high of 18350, NIFTY could not sustain on higher levels and fell sharply. The selling intensified in the last hour of the trade and NIFTY tested the 18100 mark, finally ended just above it. NIFTY has made a “Bearish Engulfing” pattern on the daily chart thus we may see some more correction and it can test its 20DEMA, which is  placed near 17800. On the upside , now the range of 18300 - 18350 will play as a strong resistance for the short term.

Today's Picks On 19/01/2022

Share Market Daily Picks Manas Jaiswal

REC

Sell

  • 136.40
  • SL: 139.60
  • TGT: 130
Share Market Daily Picks Manas Jaiswal

Manappuram

Sell

  • 162.95
  • SL: 168.60
  • TGT: 150

Nifty Imp Levels For 19/01/2022

Open 18337
High 18350
Low 18085
Close 18113
S 1 18015
S 2 17918
R 1 18280
R 2 18448

Actionable Ideas On Nifty for 19/01/2022

Action SL TGT
Buy above 18350 18274 18500
Sell below 18075 18176 17900
Show Timings
Manas Jaiswal Technical Research Group