Nifty strategy for today: Stating strategy on Nifty Virendra Kuma of CNBC-AwaazSu said that the first registration is on 24367-24456/24523 while the big registration is on 24621-24683/24733. The first base is on 23966-24040 while the big base is on 23851-23910.
Virendra Kumar said that due to the end of Geopolitical Tension, there will be relief for the market today. On Friday, some risk management was shown, Fiis sold in cash. After opening, there will be the first obstruction on 24367-24456 (call writers-technical barriers).
He further said that after crossing the registration-1, the high 24523 of the last week can be found again. Momentum of purchasing and short coverings may return to 24456-24523. There will be important support for buying in put writers, fall on base-1 (20dema). Remaining above 24523, registration-2 (24683-24733-24800) is possible.
Strategy on bank nifty
Virendra Kumar said that the first registration is on 54105-54212 while the big registration is on 54537-54869/55110. The first base is on 53210-53358 while the big base is 52860-53067
Virendra Kumar said that there was a more decline than the Nifty on Friday. Call writers on 54000 and this is the technical barrier here. First barrier 54105-54212, Momentum will return above it.
Virendra Kumar says that 53358-55210 is important in view of put and technical patterns. 53358-53210 will have a strategy to buy a decline. Ring above 54212, then 54537-54869-55110 is possible.
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