We had a super trading day yesterday. Amid high volatility, we did some very good trades in bank nifty and Nifty in the options segment. The volatility will continue as it is in an uptrend. See closely and you can witness the same in equities as well as in commodity and crude Oil. The reaction of US markets is not in line with macro data which is probably due to finding strength and direction.
Nifty. Nifty took support from our levels of 17900, which will be the only support level for the day. Too much focus on global macros is disturbing the price action in Indian markets. Resistance is placed at 18180.
Nifty. Nifty took support from our levels of 17900, which will be the only support level for the day. Too much focus on global macros is disturbing the price action in Indian markets. Resistance is placed at 18180.
Bank Nifty Target
BankNifty. Clearly the weaker index. From 44000+ to 42600, it's a decent correction in banks. Resistance is placed at 43000 and support at 42000.
As per us, it is still sell on rise.
Saying again, markets will be volatile, hence keeping quantity in check.
F&O Cues
As per us, it is still sell on rise.
Saying again, markets will be volatile, hence keeping quantity in check.
F&O Cues
Nifty January futures ended at 18,070.05, a discount of 33 points.
Nifty January futures fell 0.07% and 156 shares in Open Interest.
Nifty Bank January futures ended at 42,752.25, a discount of 383.90 points. Nifty Bank January futures rose 2% and 1,874 shares in Open Interest.
Securities added to the ban period: IndiaBulls Housing Finance Securities
Removed from the ban period: Nil
Check our accurate intraday Bank Nifty Target and start minting money.
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