Pre-Market Update - Feb 14th
Nifty / Bank Nifty, Stocks In News

Nifty 1 Hr Timeframe Analysis

Nifty closed at 17770.90 (-0.48%). As described in the 13th Feb blog, Niftty broke the pattern on the downside due to selling pressure for several days.

Nifty has a support near the 17704 zone and the resistance will be the 17961 zone.

Bank Nifty 1 Hr Timeframe Analysis

 Bank Nifty closed at 41282.20(-0.67%). BN reacted from the supply zone of 41920-41540 as described in yesterday's blog. BN facing the resistance of the supply zone if not able to break then a fall might spot towards immediate support of the 40801 level. 

For any up move, BN needs to cross the supply zone present above at the 41540 level. 

Stocks in News

• FDC Ltd successfully completes USFDA inspection at Sterile facility, Waluj
  
• Man Industries India Ltd receives order of Rs. 500 crores
  
• Solara's Cuddalore facility successfully completes EU GMP Inspection
  
• Coforge enters strategic partnership with Denodo to offer data modernization for banks and financial services organizations

Sector Heat Map 

Heatmap from Trendlyne website

Analysis by
Dixit from MT Team
Equity Research Analyst (Technical & Fundamental). Experienced Index Analyst.