Nifty Strategy During Market Hours : Today, Thursday 26th December, pressure is being seen in the market from upper levels. Both Sensex and Nifty benchmark indices were currently seen trading in the green with slight gains. In such a situation, Pankaj Randar of EQUINOX Research, while giving his opinion on the market for today, said that at this time there is a holiday atmosphere, hence the market is completely running on domestic trends. Overall, the market structure appears to be with a negative bias. If we look at the OI data of Nifty, we come to know that call writers are seen between 23800 to 24000. Talking about today, today is the day of expiry, today the conviction of put writers seems strong at the level of 23700. Whereas 2 crore 40 lakh call writers are being seen at the levels of 23800. Therefore, we believe that today Nifty may be seen trading in the range of these 100 points.
SSJ Finance’s Viral Chheda’s opinion on the market
Giving his opinion on the market, Viral Chheda said that today we saw a good opening in Bank Nifty. It seemed to be around 51750. But after that a correction of 400 points was seen from there. After this, a significant decline is now being seen in private sector banks. Currently a support is visible at 51000 in Bank Nifty. If the index breaks this level then again we may see levels of 50800 – 50700. If there is a pull back in Nifty then it may get support from Bank Nifty. If Bank Nifty is successful in saving the levels of 51000, then it may again see a rise to the levels of 51350-51500.
Pressure from upper levels in Sensex and Nifty, veteran experts bet on these 4 stocks for profit.
Harish Jujare of Prithvi Finmart’s opinion on the market
Giving his opinion on the market, Harish Jujare said that selling pressure is being seen at the upper levels in Nifty. Nifty is not able to close above 23850 on the upside. A resistance zone is forming here. But I think we may see some recovery in it intraday today. There is nothing like major selling in the market today. Therefore, I think today the market may see a minor pull back in the second half. The market may touch high levels in the morning.
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