Nifty trade setup: In yesterday’s trading session, the Nifty made a good recovery of 183 points from the lowest level of the day with more than the average volume and closed 38 points on 11 March. It got support in a zone of 22,300. However, the market breath was weak. If the Nifty is successful in continuing its lead in the upcoming business seasons, then the level of 22,700 can act as a large resistance. A decisive captive above it can open the doors for 23,000. Market experts say that until then the Consolidation can continue with support at the level of 22,300-22,250 in the Nifty.
Here you are giving some such figures on the basis of which you will be able to catch profitable deals.
Support and registration level for nifty
Support based on Pivot Point: 22,366, 22,317 and 22,238
Resistance based on Pivot Point: 22,524, 22,573 and 22,652
Bank nifty
Resistance based on pivot points: 47,987, 48,064, and 48,188
Support based on pivot points: 47,737, 47,660, and 47,536
Resistance based on Fibonacci Retress: 49,308, 50,288
Fibonacci Retress based support: 47,872, 46,078
Nifty call option data
A maximum call of 1.5 crore contracts has been seen open interest on a strike of 23,000 on a weekly basis, which will work as important registration levels in the coming business sessions.
Nifty put option data
On a strike of 22,200, a maximum of 1.1 contract has been seen open interest which will work as important support level in the coming business sessions.
Bank Nifty Call Option Data
The bank Nifty has seen a maximum call open interest of 17.01 lakh contracts on a strike of 49,000, which will work as important registration levels in the coming business sessions.
Bank Nifty put option data
On a strike of 48,000, a maximum of 14.61 lakh contracts have been seen open interest, which will work as important registration levels in the coming business sessions.
FII and DII Fund Flow
The lead in another session continued in the Fear Index India VIX yesterday. It rose 0.63 percent to 14.07 percent. If this index remains above 14 points, Tejadis will need to be cautious.
Call call ratio
The Nifty Put-Call Ratio, which depicted the market mood, rose to 1.09 on March 11, compared to 0.91 in the last session. Significantly, the departure of PCR above 0.7 or 1 cross PCR is generally considered a sign of boom. Whereas the ratio falling below 0.7 or 0.5 is a sign of recession.
Stock under F&O Bain
The F&O segment includes the restricted securities that include the derivative contract market wide position limit to more than 95 per cent.
Stocks involved in F&O ban: IndusInd Bank, SAIL
Stocks already involved in F&O ban: BSE, Hindustan Copper, Manappuram Finance
Stocks removed from F&O ban: nobody
Disclaimer: The ideas given on Moneycontrol.com have their own personal views. The website or management is not responsible for this. Money control advises users to seek the advice of certified experts before taking any investment decision.