PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 27 SEP 2024
27 SEP 2024
WORLD MARKETS
1. All the world markets are looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is at 12 indicating bullishness.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank and ICICI Bank is extremely bullish.
2. Reliance is struggling to cross 3000.
ANALYSIS
1. Markets was extremly bullish but highly volatile.
2. It took out both retail option buyers and sellers before rallying.
TRADING PLAN
1. NIFTY OPEN BETWEEN 26146 - 26 289: Buy any dip to 26100.
2. NIFTY OPEN ABOVE 26290: Buy any dip to 26100.
3. NIFTY OPEN BELOW 26146: Wait for any consolidation and break above 26200 decisively.
4.BANK NIFTY OPEN BETWEEN 54500 - 54250: Buy any dip to 54200.
5.BANK NIFTY OPEN ABOVE 54500: Wait for a dip to 54300.
6. BANK NIFTY OPEN BELOW 54256: Wait for any consolidation and break above 54250 decisively.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
WORLD MARKETS
1. All the world markets are looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is at 12 indicating bullishness.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank and ICICI Bank is extremely bullish.
2. Reliance is struggling to cross 3000.
ANALYSIS
1. Markets was extremly bullish but highly volatile.
2. It took out both retail option buyers and sellers before rallying.
TRADING PLAN
1. NIFTY OPEN BETWEEN 26146 - 26 289: Buy any dip to 26100.
2. NIFTY OPEN ABOVE 26290: Buy any dip to 26100.
3. NIFTY OPEN BELOW 26146: Wait for any consolidation and break above 26200 decisively.
4.BANK NIFTY OPEN BETWEEN 54500 - 54250: Buy any dip to 54200.
5.BANK NIFTY OPEN ABOVE 54500: Wait for a dip to 54300.
6. BANK NIFTY OPEN BELOW 54256: Wait for any consolidation and break above 54250 decisively.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
Disclaimer
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