PRE MARKET ANALYSIS OF NIFTY FOR 27 DEC 2024
27 Dec 2024
WORLD MARKETS
1. US markets have bounced back.
2. Asia and Europe is mixed.
INDIA VIX AND GIFT NIFTY
1. India VIX is still hovering around 15.
2. GIF Nifty is indicating 45 points uptick at 23800.
INDEX HEAVY WEIGHTS
1. HDFC Bank is range bound between 1810 - 1795. It may remain rangebound for some more time.
2. ICICI Bank is bullish with support at 1300 and resistance at 1307. Any move above 1307 is bullish.
3. Reliance is bearish. Move above 1240 is positive while move below to 1220 is bearish.
TRADING PLAN
1. NIFTY OPEN BETWEEN 23800 - 23695 : NO TRADE.
2. NIFTY OPEN ABOVE 23800 : Wait for a consolidation and move above 23875 decisively.
3. NIFTY OPEN BELOW 23700: Wait for a consolidation between 23700 and 23630 and break below 23630 decisively.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
WORLD MARKETS
1. US markets have bounced back.
2. Asia and Europe is mixed.
INDIA VIX AND GIFT NIFTY
1. India VIX is still hovering around 15.
2. GIF Nifty is indicating 45 points uptick at 23800.
INDEX HEAVY WEIGHTS
1. HDFC Bank is range bound between 1810 - 1795. It may remain rangebound for some more time.
2. ICICI Bank is bullish with support at 1300 and resistance at 1307. Any move above 1307 is bullish.
3. Reliance is bearish. Move above 1240 is positive while move below to 1220 is bearish.
TRADING PLAN
1. NIFTY OPEN BETWEEN 23800 - 23695 : NO TRADE.
2. NIFTY OPEN ABOVE 23800 : Wait for a consolidation and move above 23875 decisively.
3. NIFTY OPEN BELOW 23700: Wait for a consolidation between 23700 and 23630 and break below 23630 decisively.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
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