NIFTY- Intraday Levels - 13th December 2024
Please note :- I'm not confident on tomorrows level .. and also the Friday factor so be careful.
If NIFTY sustain above 24555 above this bullish then 24620 to 24637 then 24675 to 24689 day closing above this can be considered bullish then 24729 to 24746 above this more bullish
If NIFTY sustain below 24534 below this bearish then 24511 to 24493 or 24473 to 24456 strong support below this more bearish then 24419 to 24398 will be last hope for tomorrow. Then 24364 to 24347 then 24310 to 24292 day closing below this will be bearish
My view (for your study and analysis only, also consider my analysis could be wrong and to safeguard the trade risk management is must) is market wating for some news or planing for big movement? As you can see last 5 days insider (baby) candle are made as compared to 5th dec candel (mother). when will market move out of this ? something to think about !!.. if you are option writer hedging should be around 24300 if day closing below this can be considered bearish untill then we have hope for bullish movement.
However the good news is option buying days seem to be near. Last few days options writers had an upper hand in market and they will always have upper hand, but I think in near future market will show some big movement. View is not clear, both side movements with high Probability of buy on dip on good support level
Consider some buffer points in above levels.
Please do your due diligence in trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
If NIFTY sustain above 24555 above this bullish then 24620 to 24637 then 24675 to 24689 day closing above this can be considered bullish then 24729 to 24746 above this more bullish
If NIFTY sustain below 24534 below this bearish then 24511 to 24493 or 24473 to 24456 strong support below this more bearish then 24419 to 24398 will be last hope for tomorrow. Then 24364 to 24347 then 24310 to 24292 day closing below this will be bearish
My view (for your study and analysis only, also consider my analysis could be wrong and to safeguard the trade risk management is must) is market wating for some news or planing for big movement? As you can see last 5 days insider (baby) candle are made as compared to 5th dec candel (mother). when will market move out of this ? something to think about !!.. if you are option writer hedging should be around 24300 if day closing below this can be considered bearish untill then we have hope for bullish movement.
However the good news is option buying days seem to be near. Last few days options writers had an upper hand in market and they will always have upper hand, but I think in near future market will show some big movement. View is not clear, both side movements with high Probability of buy on dip on good support level
Consider some buffer points in above levels.
Please do your due diligence in trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Disclaimer
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