Nifty strategy for today: Stating strategy on Nifty Virendra Kumar of CNBC-Awaaz Said the first registration is on 24747-24817 while the big registration is on 24883-24923/24973. The first base is on 24429 (10 Dema) -24523 while the big base is on 24319-24368.
Virendra Kumar further said that yesterday stayed between the base and the first registration yesterday, the trade trades also worked on the first base. FIIS figures became normal, shopping in cash, index futures. The Nifty is now giving respect to 24500 put writers, Rising 10 Dema. 24400-24500-24600 was gathered by put writers while 24700-24800-24900 was occupied by call writers.
He further said that according to data, chart, consolidation is possible between the first base and the first registration. Buy the decline up to the first base, you can get a good reward as tomorrow. It is necessary to stand at 24817, a breakout can be found on it. 24883-24923 and 24973 can be found above 24817.
Strategy on bank nifty
Virendra Kumar said that the first registration is on 55095-55267 while the big registration is on 55512-55637/55864. The first base is at 54637-54514 while the big base is 54325-54210 (20 Dema). The index is slipping, 10 is testing Dema, 55000 put writers below the zone. 55000 put writers are not moving, so the shorts of short are not being made. Heavy call writing in 55000 and 55500 zones creates doubts.
He further said that wait for cleanliness. The first registration is important for the Nifty Bank, if it exceeds then 55512-55637 is possible. Tomorrow’s lower level and the first base is broken and a decline of up to 20 Dema is possible.
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