Market Trade Setup: The market continued its lead with the formation of Higher High-Hire Low in the third consecutive trading session. On January 30, on the day of expiry of monthly F&O contracts, more than 0.40 percent increased with more than average volume. The Nifty tested the mid-line of the 20-day EMA and the Bollinger band, located at a level of 23,300. Market experts say that the Nifty can move towards 23,400 (50-D EMA) due to decisive closure above this level. After that its next target will be 23,600. However, consolidation cannot be ruled out as long as the index trading below this level. Support is visible at 23,000 for Nifty.
Here you are giving some such figures on the basis of which you will be able to catch profitable deals.
Support and resistance level for nifty
Support based on Pivot Point: 23,167, 23,124 and 23,054
Resistance based on Pivot Point: 23,307, 23,350 and 23,420
Bank nifty
Resistance based on pivot points: 49,407, 49,500, and 49,651
Support based on pivot points: 49,106, 49,013, and 48,862
Resistance based on Fibonacci Retress: 49,409, 50,374
Fibonacci Retress based support: 47,875, 46,078
Nifty call option data
A maximum call of 32.45 lakh contracts has been seen open interest on a strike of 24,000 on the monthly basis, which will work as an important registration level in the coming business sessions.
Nifty put option data
A maximum of 30.8 lakh contracts have been seen open interest on a strike of 23,000, 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 7.02 contracts on a strike of 49,000, which will work as an important registration level in the upcoming business sessions.
Stock Market Live Updates: Gift Nifty Indication, Indian market can be strong
Bank Nifty put option data
On a strike of 49,000, a maximum number of 9.38 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 Volatibility Index India VIX, the first for the first time in the last five consecutive sessions, fell 6.71 per cent to 17.39, but it is still in the upper zone and remains above the crucial moving average, which is a sign of caution for sharpness.
Call call ratio
The Nifty Put-Call Ratio, which depicted the market mood, fell at 0.97 on January 30, while it was at 1.06 levels 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.
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: nobody
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