Nifty 50 IndexLong
NIFTY ANALYSIS FOR TOMORROW. 30 SEP 2022
30 Sep 2022 TIME 2150 IST.
1. Tomorrow is RBI monetary policy Meet.
2. US is Bearish. All US tech and Consumer stocks are dn 4-5 %. Europe is mixed. Asia is bearish.
3. India VIX has come down from 22 pts to 21 pts. But still above 20.
4. HDFC bank has sp at 1373. HDFC has sp at 2228.
5. Reliance has sp at 2267.
6. Midcap index is up.
7. Tomorrow RBI may increase repo rate by 50 Bps. This it seems is already been factored in by the market.
8. Nifty is indicating 100 pts down which brings the nifty to sp level of 17700. Nifty may pull back to 17800 - 17900 after RBI policy meet.
Verdict.
1. Can Buy 17500 call if nifty moves up after the policy meet.
2. TRADE LIGHT since India VIX is at 21.5
THIS IS AN ANALYSIS ONLY FOR EDUCATIONAL PURPOSES. PLEASE USE IT AS AN INPUT TO YOUR DECISION MAKING PROCESS AND NOT AS FINANCIAL ADVICE.
1. Tomorrow is RBI monetary policy Meet.
2. US is Bearish. All US tech and Consumer stocks are dn 4-5 %. Europe is mixed. Asia is bearish.
3. India VIX has come down from 22 pts to 21 pts. But still above 20.
4. HDFC bank has sp at 1373. HDFC has sp at 2228.
5. Reliance has sp at 2267.
6. Midcap index is up.
7. Tomorrow RBI may increase repo rate by 50 Bps. This it seems is already been factored in by the market.
8. Nifty is indicating 100 pts down which brings the nifty to sp level of 17700. Nifty may pull back to 17800 - 17900 after RBI policy meet.
Verdict.
1. Can Buy 17500 call if nifty moves up after the policy meet.
2. TRADE LIGHT since India VIX is at 21.5
THIS IS AN ANALYSIS ONLY FOR EDUCATIONAL PURPOSES. PLEASE USE IT AS AN INPUT TO YOUR DECISION MAKING PROCESS AND NOT AS FINANCIAL ADVICE.
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