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Trade Setup for Today: 23100-23300 level in Nifty if it stays above 23000- Trade Setup for Today Nifty Can Reach 23100-23300 Levels If it Stays Above 23000

Nifty trade setup: The Nifty compensated the previous day’s loss and closed up 0.60 per cent on 28 January, but could not stand above the 23,000 points. Investors seem to be cautious before the budget. In this environment, the level of 23000 remains important resistance for Nifty. Market experts say that if the Nifty remains above 23,000 between the recession atmosphere and high volatility, then it may be possible to have 23,100 and then 23,300 levels. However, if it does not stand above this level, then 22,800-22,750 can serve as a range support zone. Market experts say that the index may fall up to 22,600 when it goes below.

Here you are giving some such figures on the basis of which you will be able to catch profitable deals.

Support and Resistance Level (Important Level 22,957) for NIFTY

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Support based on Pivot Point: 22,877, 22,811 and 22,704

Resistance based on Pivot Point: 23,091, 23,157 and 23,264

Bank Nifty (Important Level 48,867)

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Resistance based on pivot points: 49,159, 49,348, and 49,652

Support based on pivot points: 48,550, 48,361, and 48,056

Resistance based on Fibonacci Retress: 49,409, 50,381

Fibonacci Retress based support: 47,869, 46,078

Nifty call option date

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A maximum call of 1.2 crore contracts has been seen open interest on a strike of 24,000 on a weekly basis, which will work as important registration level in the coming business sessions.

Nifty put option data

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A maximum put open interest of 1.21 crore contracts has been seen on a strike of 22,000, which will work as important support level in the coming business sessions.

Bank Nifty Call Option Data

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Bank Nifty has seen a maximum call open interest of 27.59 lakh contracts on a strike of 51,000, which will work as important registration levels in the upcoming business sessions.

Bank Nifty put option data

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On a strike of 47,000, the maximum put of 19.52 contract has been seen open interest which will work as important registration levels in the coming business sessions.

FII and DII Fund Flow

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Voltyness Index India VIX rose 0.34 per cent to 18.20, which is its highest closing level since 6 August 2024. Increased volatility is a matter of concern among the stunning.

Call call ratio

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The Nifty Put-Call Ratio that reflects the market mood rose to 0.95 on January 28, compared to 0.75 in the previous 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.

NIFTY Strategy for Today: The bank Nifty slipped below 48487, then the entire Momentum will break, know what levels are important today for Nifty

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: nobody

Stocks already involved in F&O ban: nobody

Stocks removed from F&O ban: Indiamart Ermesh, Manappuram Finance, Metropolitan Gas, Punjab National Bank

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.

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