Nifty Option Tips for Today

Can we say we have entered the new year and in the stock market language answer is Yes as we start with Jan 2023 series today and thus Happy New year in advance. We enter pre-budget series as FM will be presenting the budget on 01 Feb 2023. Likely resistance is going to be 18300 to get a thrust toward 18500.

Union Minister of Petroleum and Natural Gas Hardeep S Puri has stated that

-Lower excise duty had a positive impact

-India will be an advanced economy by 2047

-Will see successful adoption of green hydrogen

Nifty Spot View: 30/12/2022
Cmp: 18191
Support & Downside Range: 18173—18138—18110--18072
Resistance & Upside Range: 18330—18405—18430 zone, 18510Short Term Trend Reversal Level: -- 17793

Nifty Option Tips for Today

Trading View: In today's gap up market key level to watch is 18330 spot , after gap up if bulls did not manage to cross and sustain above it than we may see little pause and can fall back towards 18230 spot levels to cool off the RSI whereas if bulls manage to cross and sustain above 18330 than move gets extend intraday towards minimum 18405 to 18430 spot zone now fresh intense selling comes only once we get a daily close below 17793 spot levels.

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Last trading day of the year will be with low volumes as FIIS are absent and a number of big traders are on holidays. No point trading intraday but a positional view can be taken. We are of the opinion that mkt likely to touch 17200 before it touches new highs. 

Reliance and Bajaj Finance could be the stocks for buying today as per option data analysis

Nifty - Current Expiry - Critical Option Analytics Data
Strongest Support	Strengthening Support	PCR	MaxPain	Strengthening Resistance	Strongest Resistance
18200	18200	1.06917	18200	18300	18200

At Indian-Share-Tips.Com while trading Options we're always looking out for special opportunities we believe you, as a valued reader, will want to see. Make use of above information and be a winner in the stock market using our nifty option tips for today.

Evening Update

FII/FPI & DII Activity for today :

FIIs sold Rs 2950.89 Crores & DIIs bought Rs 2266.2 Crores worth of stocks in Equity Markets Today.

Here's is quick look at SGX Nifty Updates:

SGX Nifty is trading @ 18218,

High : 18397

Low : 18165.5

Price Change : -5

Price Change (%) : -0.03%