Market Trade Setup: The market strengthened the market with a gain of 0.9 per cent in Nifty 50 on January 29, a day before the expiry of the January series derivative contracts to be held on 30 January. The Nifty climbed above 23,000 points and closed above 10-Day EMA (23,134). But the trends are still in favor of Mandadis due to the continuity of the formation of the lower top -loar bottom. To deny this lower top-loar bottom formation, the Nifty 50 needs to cross and remain above the 23,350-23,400 range. On going over, there will be the next resistance (200-day and 50-day EMA) at 23,600-23,700 for Nifty. However, as long as the Nifty remains below 23,400, the consolidation may continue. Market experts say that there is support in the zone of 23,000-22,900 for Nifty
Here you are giving some such figures on the basis of which you will be able to catch profitable deals.
Support and registration level for nifty
Support based on Pivot Point: 23,029, 22,980 and 22,901
Registration based on Pivot Point: 23,187, 23,235 and 23,314
Bank nifty
Registration based on pivot points: 49,205, 49,288, and 49,422
Support based on pivot points: 48,938, 48,856, and 48,722
Registration based on Fibonacci Retress: 49,412, 50,381
Fibonacci Retress based support: 47,875, 46,078
Nifty call option data
A maximum call of 1.26 crore contract 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 upcoming business sessions.
Nifty put option data
On a strike of 23,000, a maximum of 1.19 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 26.65 lakh contracts on a 51,000 strike, which will work as important registration levels in the coming business sessions.
Stock Market Live Updates: Gift Nifty is indicating, Indian market can be started
Bank Nifty put option data
On a strike of 47,000, a maximum number of 19.71 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 Voltyness Index, India Vix moved forward to a high level of about six months. It rose 2.45 percent yesterday to 18.64 (the highest closed level since August 6, 2024). Its high levels have indicated caution for the stunning before the budget.
Call call ratio
The Nifty Put-Call Ratio, which depicted the market mood, rose to 1.06 on January 29, compared to 0.95 in the last 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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