Market today: The Nifty 50 index showed a spectacular recovery of almost 200 points from the day’s low and closed flat with a negative trend on January 8. It took support at the upward sloping support trendline (which is located around 23,500). The index closed slightly below 23,700 (200-day EMA). This confirms that the index remains in the range of 23,500-24,000 levels. Market experts say any drop below the lower band could take the index towards 23,300 zone, but a sustained above 23,700 could trigger a bullish move and take Nifty towards 24,000 (which is indicative of further strong upward rally). is necessary).
Here we are giving you some such figures on the basis of which it will be easy for you to catch profitable deals.
Important level for Nifty 50 (23,689)
Support based on pivot point: 23,548, 23,488 and 23,390
Registration based on pivot point: 23,743, 23,804 and 23,901
Key level for Bank Nifty (49,835)
Registration based on pivot points: 50,151, 50,354, and 50,681
Support based on pivot points: 49,497, 49,294, and 48,967
Resistance based on Fibonacci retracement: 50,455, 51,110
Support based on Fibonacci retracement: 49,276, 47,873
nifty call option data
On weekly basis, maximum call open interest of 1.33 crore contracts has been seen at the strike of 24,000 which will act as an important resistance level in the coming trading sessions.
nifty put option data
Maximum Put Open Interest of 1.04 contracts has been seen at the strike of Rs 23,000 which will act as an important support level in the coming trading sessions.
Stock Market Live Updates: Gift Nifty is giving signals, Indian market may start weak
bank nifty call option data
Bank Nifty has seen a maximum call open interest of 21.67 lakh contracts at the strike of 52,000, which will act as an important resistance level in the coming trading sessions.
bank nifty put option data
Maximum Put Open Interest of 12.11 lakh contracts has been seen at the strike of Rs 50,000 which will act as an important resistance level in the coming trading sessions.
FII and DII fund flows
India VIX, which measures market volatility, fell 1.33 percent to 14.47. Its decline continued in another session yesterday. However, it remains above the level of 14, which remains a negative trend for the bulls.
put call ratio
The Nifty Put-Call Ratio (PCR), which reflects the market mood, increased to 0.86 on January 8 from 0.82 in the previous session. It is noteworthy that PCR going above 0.7 or crossing 1 is generally considered a sign of bullish sentiment. Whereas a ratio falling below 0.7 or towards 0.5 indicates bearish sentiment.
Stocks covered under F&O ban
Restricted securities under the F&O segment include those companies whose derivative contracts exceed 95 per cent of the market wide position limit.
Newly included stocks in F&O ban: L&T Finance
Stocks already included in F&O restrictions: Bandhan Bank, Hindustan Copper, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: nobody
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