29 SEP 2022 TIME 1955 IST.
1. US and Europe are finding sp at lower levels.
2. INDIA VIX is at 22.
3. Reliance is at crucial sp level at 2332. If it breaks the low of today, next target is 2327.
4. HDFC twins are at crucial sp levels.
5. ICICI bank has sp at 830 -840 levels.
6. Because of dollar appreciation, Infy and TCS are supporting market.
7. Consumption heavy weights NESTLE and HUL are bullish.
8. Nifty has call OI build up at 16900 and 17000 levels. Put OI is highest at 16800 and 16500.
9. Tomorrow is expiry both monthly and weekly.
10.High volatility can be expected.
Verdict.
1. SGX is indicating 39 points uptick at 16922. Any move towards 17000 if happens due to HDFC twins and ICICI can be sold into tgt 16800.
2. If nifty drift down to 16800 in the morning, then we can buy with a tgt of 16900.
3. TRADE LIGHT.
THIS IS ONLY AN ANALYSIS DONE BY ME. THIS IS IN NO WAY AN INVESTMENT OR TRADING ADVICE. PLEASE CONSULT YOUR FINANCIAL ADVISOR OR USE YOUR DISCRETION. HOPE MY CONTENT WILL CONTRIBUTE VALUE TO YOUR ANALYSIS.
1. US and Europe are finding sp at lower levels.
2. INDIA VIX is at 22.
3. Reliance is at crucial sp level at 2332. If it breaks the low of today, next target is 2327.
4. HDFC twins are at crucial sp levels.
5. ICICI bank has sp at 830 -840 levels.
6. Because of dollar appreciation, Infy and TCS are supporting market.
7. Consumption heavy weights NESTLE and HUL are bullish.
8. Nifty has call OI build up at 16900 and 17000 levels. Put OI is highest at 16800 and 16500.
9. Tomorrow is expiry both monthly and weekly.
10.High volatility can be expected.
Verdict.
1. SGX is indicating 39 points uptick at 16922. Any move towards 17000 if happens due to HDFC twins and ICICI can be sold into tgt 16800.
2. If nifty drift down to 16800 in the morning, then we can buy with a tgt of 16900.
3. TRADE LIGHT.
THIS IS ONLY AN ANALYSIS DONE BY ME. THIS IS IN NO WAY AN INVESTMENT OR TRADING ADVICE. PLEASE CONSULT YOUR FINANCIAL ADVISOR OR USE YOUR DISCRETION. HOPE MY CONTENT WILL CONTRIBUTE VALUE TO YOUR ANALYSIS.