Nifty 50 IndexShort
NIFTY AND BANK NIFTY ANALYSIS FOR TOMORROW.
10 Oct 2022 1800 Hrs.
1. All world markets are down by 2 - 2.5%.
2. SGX Nifty 1800 Hrs 09 Oct 2022 is indicating 224 Pts cut @ 1.4% @ 17070 Just above 200 SMA.
3. India VIX is down @18.8 indicating bullishness. however 224 pts down tick may take VIX higher.
4. Reliance is taking sp in the 2500-2525 Zone. Any opening below yesterday Low may be bearish.
5. HDFC Bk is bearish as it has closed below yesterday low. Any gap down means opening below 200 SMA and may prove bearish. HDFC has resistance at 2359. ICICI bank is the one which has closed in positive for the last 2 days and showing strength. So is Kotak which is above 200 SMA.
6. Highest call OI is at 17500 and Put OI is at 17000. A gap down tomorrow may unwind lot of put. so we can see a trendy bearish day.
7. Tomorrow TCS is coming with result after market hours.
Verdict.
1. Nifty has sp at 16950 A gap down to 17070 means, nifty may bounce back. Reliance is at crucial sp. So is HDFC Twins. ICICI and kotak looks bullish to neutral.
2. Any immediate Bounce towards 17100 - 17200 Zone should be sold into. can Buy 17000 put.
3. However if nifty consolidates at 16950 -17000 levels, then any steady move towards 17100 can be used by buying 17000 call.
4. Please keep track of reliance, ICICI and HDFC Bank if these stocks are in positive territory after open, avoid buying Nifty Puts.
THESE VIEWS ARE PERSONAL. PLEASE USE IT AS AN INPUT TO YOUR RESEARCH AND DECISION.
1. All world markets are down by 2 - 2.5%.
2. SGX Nifty 1800 Hrs 09 Oct 2022 is indicating 224 Pts cut @ 1.4% @ 17070 Just above 200 SMA.
3. India VIX is down @18.8 indicating bullishness. however 224 pts down tick may take VIX higher.
4. Reliance is taking sp in the 2500-2525 Zone. Any opening below yesterday Low may be bearish.
5. HDFC Bk is bearish as it has closed below yesterday low. Any gap down means opening below 200 SMA and may prove bearish. HDFC has resistance at 2359. ICICI bank is the one which has closed in positive for the last 2 days and showing strength. So is Kotak which is above 200 SMA.
6. Highest call OI is at 17500 and Put OI is at 17000. A gap down tomorrow may unwind lot of put. so we can see a trendy bearish day.
7. Tomorrow TCS is coming with result after market hours.
Verdict.
1. Nifty has sp at 16950 A gap down to 17070 means, nifty may bounce back. Reliance is at crucial sp. So is HDFC Twins. ICICI and kotak looks bullish to neutral.
2. Any immediate Bounce towards 17100 - 17200 Zone should be sold into. can Buy 17000 put.
3. However if nifty consolidates at 16950 -17000 levels, then any steady move towards 17100 can be used by buying 17000 call.
4. Please keep track of reliance, ICICI and HDFC Bank if these stocks are in positive territory after open, avoid buying Nifty Puts.
THESE VIEWS ARE PERSONAL. PLEASE USE IT AS AN INPUT TO YOUR RESEARCH AND DECISION.
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