KotakBank is trading near 1769 with highest put writing @ 1760. HDFCBank is trading near 1567 with highest put writing @ 1560. As long as this 2 banks dont close below 1760 & 1560 respectively on min 30 TF there are chances of Banknifty + 2 banks bouncing back from here. Can buy Kotakbank 1760 CE & Hdfcbank 1560 CE. Stoploss 30 min TF candle closing below 1760 & 1560.
DATA DRIVEN ANALYSIS OF NIFTY & BANK NIFTY FOR THE WEEK ENDING 24-12-21 This is a new weekly post/series where I will briefly capture the key highlights of the 2 leading indices. This post is supported by a video that takes you through the details of how I have arrived at the analysis. I encourage you to view the video as well since not everything can be captured...
it is very necessary to understand the technical as well as to analyze the data to predict the market behaviour. hence, this is the small video that has tried to analyze tomorrows behaviour of the market.
HEROMOTO SUPPORT: 3110 - BUY IF IT TAKE SUPPORT AT 3110, LOOK FOR VOLUMES AT SUPPORT ZONE. -SELL IF 3110 IS BROKEN WITH GOOD VOLUME, SELL ON FOLLOWUP. TAKE TRADES ON CONFORMTATION
MARUTI SUPPORT: 6775 - BUY IF IT TAKE SUPPORT AT 6775, LOOK FOR VOLUMES AT SUPPORT ZONE. -SELL IF 6775 IS BROKEN WITH GOOD VOLUME, SELL ON FOLLOWUP. TAKE TRADES ON CONFORMTATION
ITC SUPPORT: 200 - BUY IF IT TAKE SUPPORT AT 200, LOOK FOR VOLUMES AT SUPPORT ZONE. -SELL IF 200 IS BROKEN WITH GOOD VOLUME, SELL ON FOLLOWUP. TAKE TRADES ON CONFORMTATION
The red zone line drawn in our December 15, 2020 analysis report provided perfect. Is it a one off fall or Would Nifty fall further Let us look at what F&O trade data has in store for us FIIs Net sold 3133 contracts worth Rs 264.93 Cr Futures Data - Retail participants squared off 20.76 K Long Contracts & squared off 5.62 K Short contracts - FIIs squared off...