Nifty strategy for today: Stating strategy on Nifty Virendra Kumar of CNBC-Awaaz Said the first registration is on 23788-23819 while the big registration is on23895-23910/23956. The first base is on 23661 (50DEMA) -23603 (200DEMA) while the big base is on 23568-23523/23492.
Virendra Kumar further said that after the second registration, all the targets have been achieved on the top tomorrow. Nifty managed to cross 200 Dema and 50 Dema. Shopping in Fiis cash, 31000 short contract covered in index. Global set-up also looks good.
Virendra Kumar further said that the call writers dominated 23800 and then 24000 while the 3600-23500-23400 zone dominated the put writers. Since the important threshold has crossed, focus on shopping. Shop on any decline in intraday. Shop in the fall of the first base, 23788-23819 The upper threshold was. On exiting 23819, 23895/23910 will move towards the zone.
Virendra further said that 23956 can also climb in Momentum. Above 200 Dema is now an obstacle at 23950-24000 only. The Nifty was showing weakness only after slipping below 23523/23492.
Strategy on Nifty Bank
Virendra Kumar said that the first registration is 50210 (200 DEMA/50DEMA) -506/50640 (100DEMA) while the big registration is on 50861-50993/51020. The first base is at 50010-49877 while the big base is on49678-49441 (20 Dema). The Nifty Bank also crossed the Threshold Point and achieved the target of 50190.
Call writers are now in the first 50500 and then 50800-51000 zones. The highest put writing was seen on 50000-49800 and 49500. In view of the RBI policy, put writing was positive at 50000-49800. 50210 is 200/50dema zone.
Virendra Kumar further said that stay long, make new shopping, buy even in the fall. There is a good opportunity to enter the first base. If 50210 crosses upwards, then 50506/50640 will grow. 50993/51020 is possible if 50506 crosses.
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