PRE MARKET ANALYSIS OF NIFTY FOR 24 DEC 2024
24 Dec 2024
WORLD MARKETS
1. World Markets are bearish.
INDIA VIX AND GIFT NIFTY
1. India VIX is down 10% Indicating reduction in volatiltiy . This due to Gap up today.
2. GIFT Nifty is indicating 84 points down tick at 23680 levels.
INDEX HEAVY WEIGHTS
1. HDFC Bank has made a bullish candle. Any breakout above 1805 is bullish. However any break below 1795 will be bearish.
2. ICICI Bank is neutral. Move above 1306 is bullish and move below 1285 is bearish.
3. Reliance is bearsih. It is sell on rally.
TRADING PLAN.
1. NIFTY OPEN BETWEEN 23835 - 23705 : No Trade.
2. NIFTY OPEN ABOVE 23835 : Wait for a consolidation and break above 23900.
3. NIFTY OPEN BELOW 23705 : Wait for a consolidation and break below 23630.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
WORLD MARKETS
1. World Markets are bearish.
INDIA VIX AND GIFT NIFTY
1. India VIX is down 10% Indicating reduction in volatiltiy . This due to Gap up today.
2. GIFT Nifty is indicating 84 points down tick at 23680 levels.
INDEX HEAVY WEIGHTS
1. HDFC Bank has made a bullish candle. Any breakout above 1805 is bullish. However any break below 1795 will be bearish.
2. ICICI Bank is neutral. Move above 1306 is bullish and move below 1285 is bearish.
3. Reliance is bearsih. It is sell on rally.
TRADING PLAN.
1. NIFTY OPEN BETWEEN 23835 - 23705 : No Trade.
2. NIFTY OPEN ABOVE 23835 : Wait for a consolidation and break above 23900.
3. NIFTY OPEN BELOW 23705 : Wait for a consolidation and break below 23630.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
Disclaimer
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