PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 15 DEC 2023
15 Dec2023
WORLD MARKETS
1. World Markets are looking very bullish post the US fed rate decision to hold the interest rate. But US are over stretched.
INDIA VIX AND GIFT NIFTY
1. India VIX has risen by2 % at 12.3 .
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank is bullish. 1675 is the next tgt. It has sp at 1640.
2. ICICI Bank is looking very bullish. It is in unchartered territory. 1015 is a very strong sp.
ANALYSIS
1. Indian indices is on a roll with a good pull back. But one should remain cautious at these levels.
2. HDFC Bank and ICICI bank are bullish.
TRADING PLAN
1. NIFTY OPEN BETWEEN 21150 - 21220 : NO TRADE.
2. NIFTY OPEN ABOVE 21220: Buy any dip to 21150.
3. NIFTY OPEN BELOW 21145 : Sell any consolidation and break below 21100.
4. BANK NIFTY OPEN BETWEEN 47850 - 47612 : Buy any dip to 47650.
5.BANK NIFTY OPEN ABOVE 47860. Wait for a break out above 48000.
6.BANK NIFTY OPEN BELOW 47600. Sell any rally to 47700. If Bank Nifty open gap up and start trading below 47700, we can sell
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. World Markets are looking very bullish post the US fed rate decision to hold the interest rate. But US are over stretched.
INDIA VIX AND GIFT NIFTY
1. India VIX has risen by2 % at 12.3 .
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank is bullish. 1675 is the next tgt. It has sp at 1640.
2. ICICI Bank is looking very bullish. It is in unchartered territory. 1015 is a very strong sp.
ANALYSIS
1. Indian indices is on a roll with a good pull back. But one should remain cautious at these levels.
2. HDFC Bank and ICICI bank are bullish.
TRADING PLAN
1. NIFTY OPEN BETWEEN 21150 - 21220 : NO TRADE.
2. NIFTY OPEN ABOVE 21220: Buy any dip to 21150.
3. NIFTY OPEN BELOW 21145 : Sell any consolidation and break below 21100.
4. BANK NIFTY OPEN BETWEEN 47850 - 47612 : Buy any dip to 47650.
5.BANK NIFTY OPEN ABOVE 47860. Wait for a break out above 48000.
6.BANK NIFTY OPEN BELOW 47600. Sell any rally to 47700. If Bank Nifty open gap up and start trading below 47700, we can sell
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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