Nifty Market Analysis and Trading Strategies
Post Market Analysis – Nifty
Pre-Opening Data
- Nifty opened ₹2 up in pre-opening
- Support: At 25000, Resistance: Between 24500 and 25000, a range of 500 points
- Correction in the initial candles expected
Trade Status
- Correction in the first candle: 4 points loss or 10 points target
- 9:30 AM: Support at 24800, Resistance up to 25000
Market Patterns
- Indication of bullish and flat conditions
- Need to draw resistance and support lines at 950
- Decisions on call and put based on percentage and volume
10 AM to 10:45 AM Data
- Shifting of support and resistance
- Relevant data: 850 strike price
- Trade decision: Close at a slight loss or exit in profit
Market’s Next Move
- Resistance at 25000 and shifting
- 10:45 AM: Bullish and flat condition, call not safe
12 PM Data
- Focus on volume and OI change
- Decision to take call or put at 950 resistance and 900 support
Trading Conclusion
- No trade after 2:30 PM
- Market movement from 900 support and 950 resistance
- Exit in profit at the right time and manage risk
Closing
- Throughout the day, a significant trade and movement in Nifty
- Conclusion of trading decisions based on proper trade and movement
