PRE MARKET ANALYSIS OF NIFTY FOR 13 DEC 2024

12 dic

12 DEC 2024
WORLD MARKETS
1. All the World markets are consolidating with a positive bias.
INDIA VIX AND GIFT NIFTY
1. Indai VIX is low indicating consolidation in the market to continue.
2. GIFT Nifty is indicating a 45 points downtick at 24500.
INDEX HEAVY WEIGHTS
1. HDFC BANK is consolidating with a positive bias. 1653 is a good support while 1875 is a strong resistance.
2. ICICI Bank is bullish with 1330 as good support.
3. Reliance is bearish with 1266 as resistance and support at 1230.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24589 - 24508 : Sell any rally to 24600.
2. NIFTY OPEN ABOVE 24600: Sell any rally to 24650 and fall below 24600.
3.NIFTY OPEN BELOW 24500 : Sell any rally to 24550 and break below 24500 decisively.
NOTE
1. Due to latest SEBI regulation, option buying has become very difficult with very less movement in the market.
2. The only way one can make money in option is to sell out of the money call and put option through IRON FLY OR IRON CONDOUR so that some money can be made.
3. If you want to learn, you can check my links .

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.