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
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)
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
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
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
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
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
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
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
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