Yesterday was a flat day and today we are going to see a gap up. Now whether the gap up will be sustained or not needs to be seen.
Nifty Spot View: 12/01/2023
Cmp: 17895.70
Support & Downside Range: 17850—17795--17775
Resistance & Upside Range: 17965—75 zone, 17998—18031--18080
Short-Term Trend Reversal Level: --
Nifty Tips Provider
Trading View: Yesterday we saw a very range-bound day and domination of options writers now in today's intraday session key level to watch is 17850 spot levels break below we might see a weakness and can fall towards 17775 spot levels whereas the upside key level to watch is 17965—17975 spot levels break and sustain above only we may get an expiry upside move else another range bound day.
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Stock Update
Bajafin if today's low does not get a break then we may see a 300 to 500 points relief rally bounce in it in the coming days above 5950 it will get more strength for this bounce CMP 5900.. if today's low gets a break then it's still weak
Nifty live update if by 1.30pm if we trade above the 17850-17885 spot then call writers of today's expiry might run for their life let see
Nifty is likely to expire near 17850 as per options data analysis.
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