Rationale report – 23.02.2023

Recommended stocks on – 22.02.2023

(1)         HAVELLS -

Ø Buy price : 1190

Ø Strong Support : 1180

Ø Resistance price : 1233 - 1240

Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.

Recommended stocks on – 24.02.2023

(2)         NIFTY -

Ø Buy price : 17570 & 17616

Ø Strong Support : 17533

Ø Resistance price : 17363 – 17670 -17696 - 17707

Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.