Market Trade Setup: The excellent recovery of more than 200 points from the lowest level of the day helped the Nifty break the decline of 8 days and after taking support at 22,700 on 17 February, the Nifty closed with a 30 -point lead. However, given the lower top-loar bottom formation, overall trends remain in favor of Mandadis. Market experts say that if the index is successful in advancing recovery and crossing the psychological level of 23,000, then the immediate obstruction for this is likely to be between 23,150 and 23,300. But if it remains below 23,000, then consolidation can continue with support at 22,700. Experts also say that if this support also breaks, then this decline can increase down to 22,500.
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: 22,791, 22,733 and 22,638
Resistance based on Pivot Point: 22,981, 23,040 and 23,135
Bank nifty
Resistance based on pivot points: 49,338, 49,525, and 49,828
Support based on pivot points: 48,731, 48,544, and 48,241
Resistance based on Fibonacci Retress: 49,409, 50,381
Fibonacci Retress based support: 47,864, 46,078
Nifty call option data
A maximum call of 1.17 crore contract 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
On a strike of 22,000, a maximum of 1.02 crore contract has been seen open interest, 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 17.22 lakh contracts on a strike of 51,000, which will work as an important registration level in the upcoming business sessions.
Bank Nifty put option data
On a strike of 49,000, a maximum of 12.84 lakh contracts have been seen open interest, which will work as an important registration level in the coming business sessions.
FII and DII Fund Flow
India VIX, which is a fee index measuring potential ups and downs in the market, jumped 4.71 per cent to 15.72. The index continued to rise in the sixth consecutive trading session and climbed above all major moving averages. This has increased the problem for the stunning.
Call call ratio
The Nifty Put-Call Ratio, which depicted the market mood, rose to 0.87 on February 17, while it was at 0.77 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.
Vedanta News: Creditor meeting will be held today to vote on the company’s Indian business demar
Stock under F&O Bain
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