NIFTY- Intraday Levels - 12th December 2024
If NIFTY sustain above 24657 then around 24674 then 24697 to 24711 or 24729 important level above this bullish
If NIFTY sustain below 24620 to 24602 below this bearish then 24565 to 24548 or 24536 to 24518 strong support below this more bearish then 24456 to 24439 then 24401 or 24375 to 24357 will be last hope for tomorrow.
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 4 days insider candels are made as compared to 5th dec candel. Due to expire and looking at the OI it seems to be again a insider?.when will market move out of this ? something to think about !!.. if you are option writer hedging s
Could be around 24300 for long trades if day closing below this can be considered bearish untill then we have hope for bullish movement. For tomorrow Probably market will be volatile with sell on rise and Friday seems to be buy on dip.
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 below 24620 to 24602 below this bearish then 24565 to 24548 or 24536 to 24518 strong support below this more bearish then 24456 to 24439 then 24401 or 24375 to 24357 will be last hope for tomorrow.
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 4 days insider candels are made as compared to 5th dec candel. Due to expire and looking at the OI it seems to be again a insider?.when will market move out of this ? something to think about !!.. if you are option writer hedging s
Could be around 24300 for long trades if day closing below this can be considered bearish untill then we have hope for bullish movement. For tomorrow Probably market will be volatile with sell on rise and Friday seems to be buy on dip.
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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