PRE MARKET ANALYSISI OF NIFTY AND BANK NIFTY FOR 11 DEC 2024
11 DEC2024
WORLD MARKETS
1. All the world markets are consolidating with a bullish bias.
INDIA VIX AND GIFT NIFTY
1. India VIX is down 2.34% indicating market is consolidating with a bullish bias.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC BANK is consolidating with a bullish bias. 1886 is a strong resistance. any dip to 21 SMA is a buy.
2. ICICI Bank is also bullish. 1322 is a good support. 1345 is good resistance.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24656 - 24564: NO TRADE.
2. NIFTY OPEN ABOVE 24656: Buy any consolidation and break above 24710.
3. NIFTY OPEN BELOW 24564 : Wait for a consolidation and break below 24500 decisively.
4. BANK NIFTY OPEN BETWEEN 53666 - 53488 : Buy any dip to 53500.
5.BANK NIFTY OPEN ABOVE 53656: Buy any consolidation and break above 53660 decisively.
6. BANK NIFTY OPEN BELOW 53500: Sell any consolidation and break below 53400 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. All the world markets are consolidating with a bullish bias.
INDIA VIX AND GIFT NIFTY
1. India VIX is down 2.34% indicating market is consolidating with a bullish bias.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC BANK is consolidating with a bullish bias. 1886 is a strong resistance. any dip to 21 SMA is a buy.
2. ICICI Bank is also bullish. 1322 is a good support. 1345 is good resistance.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24656 - 24564: NO TRADE.
2. NIFTY OPEN ABOVE 24656: Buy any consolidation and break above 24710.
3. NIFTY OPEN BELOW 24564 : Wait for a consolidation and break below 24500 decisively.
4. BANK NIFTY OPEN BETWEEN 53666 - 53488 : Buy any dip to 53500.
5.BANK NIFTY OPEN ABOVE 53656: Buy any consolidation and break above 53660 decisively.
6. BANK NIFTY OPEN BELOW 53500: Sell any consolidation and break below 53400 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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