Market Decoder
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STOCK MARKET| #NCFM _CERTIFIED_TECHNICAL ANALYST


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Nifty Range 26000 to 25910 either side breakout will give the direction
Downside 25850 25780 are supports
Upside 26110 is resistance
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Federal Bank
Stock report Link is in the video itself
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Nifty Range is 25020, first resistance for today if taken out then 25072 and 25110 then 25160

Support 25880 zone
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IPO update
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IREDA
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Simple and neat setup, with SL around 136 in weekly , 40 to 50 % returns holding period 1 year.
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Nifty imp intraday supports
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Banknifty intraday supports
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OrKla Is not an IPO it’s purely OFS so avoiding it for now
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Sources to CNBC-TV18;

#Lenskart Solutions IPO anchor book receives bids worth β‚Ή68,000 Crore

πŸ‘‰πŸ»At 68,000 Cr, bids nearly 10 times the issue size, 20 times the anchor book size

πŸ‘‰πŸ»FIIs accounting for 52% of the book

πŸ‘‰πŸ»BlackRock, GIC, Fidelity, Nomura & Capital International are the FIIs who have participated

πŸ‘‰πŸ»SBI, ICICI  Pru, HDFC, Kotak & Birla MFs are the domestic investors

πŸ‘‰πŸ»Anchor book,attracted bids from over 70 investors.

What a master stroke πŸ˜‚πŸ˜‚
Now GMP will go up and retailers will come in πŸ€”πŸ€”πŸ˜
*Good retail category is only 10%*
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We will wait till last day and apply for listing gains only if data is favourable
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Market Decoder
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Updated Nifty chart , thats a crystal clear Support
As mentioned last week 25650 will be the support just 🎯🎯 the level and bounced
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Nifty sideways to mild bullishness can be seen.

Supports :25690, 25650 and 25600

Resistance: 25790 and 25840
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