Nifty 50 IndexShort
PRE MARKET ANALYSIS OF NIFTY FOR 31 DEC 2024
31 DEC 2024
WORLD MARKETS
1. World Markets are consolidating due to NEW YEAR.
INDIA VIX AND GIFT NIFTY
1. India VIX is near 14 indicating increasing in volatility.
2. GIFT Nifty is indicating 166 points down tick at 23500.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bearish. Any rally to 1810 and break below 1805 is a sell.
2. ICICI Bank is also bearish. 1310 is strong resistance.
3. Reliance is also very bearish. 1220 is a strong resistance.
TRADING PLAN
1. NIFTY OPEN BETWEEN 23732 - 23558 : Sell any rally to 23738.
2. NIFTY OPEN ABOVE 23738: Sell any rally 23800 and break below 23800.
3. NIFTY OPEN BELOW 23558: Sell any rally to 23700.
STOCKS TO TRADE:
1. HDFC BANK, ICICI BANK, TCS, SBIN is sell on rally.
2. ITC is Buy on dips. HCL Tech is also buy above 1940.
NOTE : Tomorrow we may see a gap down. Avoid using heavy lots.
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. World Markets are consolidating due to NEW YEAR.
INDIA VIX AND GIFT NIFTY
1. India VIX is near 14 indicating increasing in volatility.
2. GIFT Nifty is indicating 166 points down tick at 23500.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bearish. Any rally to 1810 and break below 1805 is a sell.
2. ICICI Bank is also bearish. 1310 is strong resistance.
3. Reliance is also very bearish. 1220 is a strong resistance.
TRADING PLAN
1. NIFTY OPEN BETWEEN 23732 - 23558 : Sell any rally to 23738.
2. NIFTY OPEN ABOVE 23738: Sell any rally 23800 and break below 23800.
3. NIFTY OPEN BELOW 23558: Sell any rally to 23700.
STOCKS TO TRADE:
1. HDFC BANK, ICICI BANK, TCS, SBIN is sell on rally.
2. ITC is Buy on dips. HCL Tech is also buy above 1940.
NOTE : Tomorrow we may see a gap down. Avoid using heavy lots.
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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