NIFTY PREDICATION TODAY FOR TOMORROW
Today overview on 05.01.2024
NIFTY (21,709) Nfty Today open with gap up but could not sustained as we expected last day and fall from day High and tested 21680 his previous support. Thereafter again recovered almost near resistance. The small traders totally trap by smart players, which is also expected that this area we will wait and watch till clear trend.
Nifty50 Trend & NEWS
Nifty overall trend continued is bullish until break of 21340 level. Today Nifty closed on 21709, as we expected nifty behave the same. we should go bullish if nifty sustained above 21847. this level is also important for nifty as if not sustained above may be fall from top, which may be identify on chart when show weakness and not break his high. There are some news about new SEBI Rules, but our team is not considering as we believe only in Technical, if Nitty break his important support or resistance we will go for long or short. Overall affects always clearly reflect on chart first. We have correctly predicted market sentiments till date, It is only technical analysis of our expert team and benefits of professional software.
Also Read : Stock market holidays: Check list of NSE Holiday 2024
FII and DII CAPITAL MARKET ACTIVITY -05.01.2024
| INSTITUTION | BUY VALUE | SELL VALUE | NET VALUE |
| FII | RS. 12677.19 CRORES | RS. 10980.33 CRORES | RS. 1696.86 CRORES |
| DII | RS. 9796.37 CRORES | RS. 13293.99 CRORES | RS. -3497.62 CRORES |
FII Derivative Market Activity -05.01.2024
| Particulars | Activity |
| Index Futures | RS. 485.32 CRORES |
| Index Option | RS. 26024.54 CRORES |
| Stock Futures | Rs. -575.23 CRORES |
| Stock Option | Rs. -621.03 CRORES |
Also Read : How to Predict Bank Nifty Movement in Advance?
FII and DII Impact on Market :-
Today FII buy and DII has sold. Overall today market was in selling side. FII close short and go for long but DII do work their opposite and its effects sentiments for market is mixup, tomorrow will be important if both do the together, buy Nifty may go long for life time new high, Selling may be mixup sentiment which will good for seller only. .
PUT CALL RATIO NIFTY FUTURE
| MONTH | PCR |
| 25 JAN 2024 | 1.17 |
| 29 FEB 2024 | 1.17 |
| 28 MAR 2024 | 1.17 |
- PCR is not over brought and sold.
RSI ON VARIOUS TIME FRAME
| TIME FRAME | RSI |
| 1 DAY | 69.73 |
| 1 HOUR | 57.07 |
| 15 Min | 57.98 |
RSI indicate there is some expectation to go more for long.
Also read :
NIFTY Prediction Today for Tomorrow (01.02.2024) | Nifty Predication Today
HIGHER OPEN INTEREST
| CALL | STRIKE | PUT |
| 16.15L | 21600 | 39.48L |
| 54.51L | 21700 | 41.71L |
| 55.94L | 21800 | 15.17L |
Dow Jones Industrial & Wall Street prediction:-
Dow Jones trading in range as awaiting clarity on interest rate cuts. DOW Jone good above 37785 and short below 37200, in between is wait and watch mode of interest rate cuts. Wall Street on trading above 25.77 Points near about resistance and last four was in range due to above reason and its effect will be on over all global markets.
SUPPORT AND RESISTANCE FOR INTRADAY (08.01.2024) :-
Nifty last closed on 05.01.2024 on 21709 and on 08.01.2024 above 21847 may hit new high. Further 21570 to 21384 is also important support.
NIFTY Support 21,570 – 21412 and Major Support 21384
NIFTY Resistance 21733 -21830-21927
Strategy for Next day (08.01.2024)
We will buy if sustained above 21847 and short below 21570 and in between we will now take a trade on observing 15 Min Candle support and will not be hurry to take in market in 30 min range of first half and avoid any trade if in range of 30 Min.
Niftypredictiontoday.com
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NIFTY Tentative Range for week – 21384——- 21927 |
Also read :- Latest News for next year
Nifty50 15 Min Chart
Niftypredictiontoday.com
Banknifty Trend
BANKNIFTY (48159) Today Banknifty gap up open and could not sustained as we expected. on 08.01.2023 if gap up open my once again try to make a range first before long and on correction on 15 Min Candle support, will be chance to buy , clear upside move only above 48470 and short below 48050 and below 47810 may see more panic. Please plan your trade accordingly.
Banknifty 15 Min Chart
(Disclaimer- this information is only for education purpose , please consult your financial advisor to take any trade)
