Wall Street ended flat on last day for year 2022. Major market will be closed on Monday on the eve on New year and expected to back from holiday mood from Tuesday ’s onwards.
GST collection at 1.49 lakh crores in December 2022, previous month collection was at 1.46 lakh crores. Collection stays over 1.40 lakh crores for 10th month.
RBI Data: as on 16-Dec-22 – Credit growth @ 17.4% and deposit growth @ 9.4%.
VIX @ 14.87: within comfortable range of 14 – 16.
Approach on Indices: We would remain bullish on Indices with support / review long position on Nifty @ 18037 & Banknifty @ 42573 for target on Nifty @ 18462 & Banknifty @ 44151 for this week. (spot level)
SGX Nifty @ 18170 down 53 points at 8:25 AM
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