Bigger players knew that it is going to be a dovish stance and this is the reason they bought a bag full in the last half an hour yesterday. Nifty futures on the Singapore Exchange traded higher by 68 points at 8:00 hours (IST), signaling a positive start on Dalal Street.
Nifty Tip
Cmp: 18758.35
Support & Downside Range: 18760—18720—18700 zone, 18650—18625 zone,
Resistance & Upside Range: 18820—18875--18940
Short Term Trend Reversal Level: -- 18129
Trading View: Intraday bias remains bullish and buy on dips till nifty
trading above 18720—18700 spot zone and in that case it may try to
move upside towards minimum 18820—18875 spot zone to max 18940 spot
levels whereas once nifty breaks and sustain below 18700 spot we may
see cooling off and profit booking dip to start in the market for time
being.
BankNifty Spot View For: 01/12/2022
Cmp: 43231
Support & Downside Range: 43220—43091—43000 zone, 42850
Resistance & Upside Range: 43340—43485—43500 zone—43750--44000
Short Term Trend Reversal Level: -- 41000
Trading View: Intraday bias remains bullish till bank nifty trading
above 43000 spot levels and in such case it can move upside towards
43500---43750 minimum and max 44000 spot levels whereas downside once
43000 spot get hit we may see sideways to cooling off move in bank
index for time being.
Nifty - Current Expiry - Critical Option Analytics Data | |||||
---|---|---|---|---|---|
Strongest Support | Strengthening Support | PCR | MaxPain | Strengthening Resistance | Strongest Resistance |
18800 | 18800 | 1.01541 | 18800 | 18900 | 18900 |