NIFTY PREDICATION TODAY FOR TOMORROW
Summary
NIFTY (21,517) Today market open with negative sentiment all depends upon the Global cues. Market continued falling back to back two days, which already predicted. Market strongly held at 21564 level but could not sustained and closed today at important support level.
Nifty50 Trend
Nifty overall trend is bullish till break of 21340. Today Nifty closed on 21523, as we expected market break the 21680 thereafter 21564 level, now it is important to see market may sustain at 21500 level or break. We have correctly predicted market sentiments till date, It is only technical analysis of our expert team and benefits of professional software. Nifty may now go more downside after break of 21500 level but a ded cat bounce is possible after some more correction, which we will clear in article support and resistance column.
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FII and DII CAPITAL MARKET ACTIVITY -03.01.2024
| INSTITUTION | BUY VALUE | SELL VALUE | NET VALUE |
| FII | RS. 9103 CRORES | RS. 9763.34 CRORES | RS. -666.34 CRORES * |
| DII | RS. 10402.57 CRORES | RS. 11265.55 CRORES | RS. -862.98 CRORES |
FII Derivative Market Activity -03.01.2024
| Particulars | Activity |
| Index Futures | RS. -618.54 CRORES |
| Index Option | RS. -79382.77 CRORES |
| Stock Futures | Rs. -2832.52 CRORES |
| Stock Option | Rs. -357.11 CRORES |
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FII and DII Impact on Market :-
FII and DII both have sold, which important for market and FII also short on all derivative position. Which is clear sign that market may take a dip 0n 04.01.2024 upto level of 21412/21384. some extra cautions are required to take any upside trade or fresh buy until clear move.
PUT CALL RATIO NIFTY FUTURE
| MONTH | PCR |
| 25 JAN 2024 | 1.06 |
| 29 FEB 2024 | 1.06 |
| 28 MAR 2024 | 1.06 |
- PCR is near to over sold. on more about 100 points correction a bounce back is possible.
RSI ON VARIOUS TIME FRAME
| TIME FRAME | RSI |
| 1 DAY | 65.56 |
| 1 HOUR | 36.08 |
| 15 Min | 36.75 |
if RSI below 20 in hourly candle. may be a up side move possible
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NIFTY Prediction Today for Tomorrow (01.02.2024) | Nifty Predication Today
Dow Jones Industrial & Wall Street prediction:-
Wall street slipped ahead of Feb December meeting minutes. United State Indexes fell on today as awaited the Federal Reserve December meeting minutes. Dow Jones today break his hourly support and trading about 250 points down from last day closing. Overall Global sentiment is some negative may be fed days. Nasdaq also down about 130 points. Dow Jones important support is 37206. if break 37450 may see more panic in dow jones.
SUPPORT AND RESISTANCE FOR INTRADAY (04.01.2024) :-
Nifty last closed on 03.01.2024 on 21,523 and on 04.01.2024 break of support of 21,500 will you see more fall in intraday about 70-80 points. Further 21412 to 21384 is also important support. Now 21619 and 21671 and resistance for Intraday, so plan your trade accordingly :
NIFTY Support 21,500 – 21412 and Major Support 21384
NIFTY Resistance 21619 – 21671 – 21733
Strategy for Next day (04.01.2024)
We will short if break below 21500 with strict stop loss with 70-80 points only , we also expected a upside move in intraday. on 04.01.2024 Nifty is weekly expiry and after some correction market may be time spent in a range as seller will hold the market. Wait first 30 Min to take any trade in morning and avoid any trade if in range of 30 Min. buy only above 21735 for small target and above 21805.Option seller may be lead the market. Higher open interest on 21600 (CALL) and 21500 (PUT).
Niftypredictiontoday.com
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NIFTY Tentative Range for week – 21384——- 21870 |
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Nifty50 15 Min Chart
Niftypredictiontoday.com
Banknifty Trend
BANKNIFTY (47738) Today market open with negative sentiment all depends upon the Global cues. Bnaknifty after downside move, trying to hold upside level, if Banknity comes at 47875 to 48016, we may be again short on top level. Bank nifty important resistance level 47957 – 48130 – 48296. clear upside move only above 48296. if break 47470, may see more panic. Please plan your trade accordingly.
(Disclaimer- this information is only for education purpose , please consult your financial advisor to take any trade)
