| Market out look dated 22nd Feb
Market open with down side gap and almost made a low 10349
but some support seen at lower level due to short covering and
closed with a gain of 374 points at 10397.
Bank Nifty
Also support support seen at 24800 as mentioned earlier in this column and some pull back towards 24950-25000.
What to do :
Trend is down and any intra day rally locate shorting opportunity.
Nifty : Co snider support 10350 and 10300, break down heavy selling can not be ruled out towards 10200 +. On the higher side sustained above 10425 up side short covering towards 10490-10500 whereas to decent opportunity to sell side.
Bank Nifty :
Support seen at 24800 of spot.
Up side resistance towards 25000 25150 whereas to short side.
Remain below 25500 down side open towards 24600 24300 24200.
Option :
Highest calls in Nifty 10500 whereas seen major resistance
and Highest put around 10300 which can be consider support level of today trading as a expiry day.
Bank Nifty :
25000 is a bench mark whereas highest
calls and puts both are established.
Holding 25000 some recovery after sharp fall of last few sessions.
but only selling opportunity.
Have a good day.
| 
No comments:
Post a Comment