NIFTY PREDICATION TODAY FOR TOMORROW
Summary
NIFTY (21,665) In this article we will provide complete predication of Nifty50 advance before one day. All our predictions are based on technical analysis which made by our team experts and professional software’s. Nifty Predication Today team will continue update about Nifty50 advance predication on daily basis. To continue updating about predication of Nifty50 movement, please click on notification or bookmark this page of website for authentic information about stock market.
Nifty50 Trend
Nifty overall trend is bullish till break of 21340. Today Nifty closed on 21661, as we expected market break the 21680 and given sharp downside move and hit all our target step by step, who follows our levels, good profit expected. As we discussed below 21564 market may more panic and exactly given bonus back from support. It is only technical analysis of our expert team and benefits of professional software. Now. Nifty has not clear trend on intraday basis, needs to followup strictly support and resistance area. Market has some fear and big players are now trying to market sudden up and down like pump and dump. This area is now not safe for small traders and needs too much caution to take any position on any side.
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FII and DII CAPITAL MARKET ACTIVITY -02.01.2024
| INSTITUTION | BUY VALUE | SELL VALUE | NET VALUE |
| FII | RS. 10200.31 CRORES | RS. 8598.15 CRORES | RS. 1602.16 CRORES * |
| DII | RS. 8695.56 CRORES | RS. 10654.72 CRORES | RS. 1959.04 CRORES |
FII Derivative Market Activity -02.01.2024
| Particulars | Activity |
| Index Futures | RS. –395.07 CRORES |
| Index Option | RS. -35485.31 CRORES |
| Stock Futures | Rs. 287.96 CRORES |
| Stock Option | Rs. -413.88 CRORES |
Also Read : How to Predict Bank Nifty Movement in Advance?
FII and DII Report :-
FII today buy and DII has sold, overall not a big selling in market. FII now also short huge amount in index option. This indicate retail traders are now thinking for selling and FII are opposite from their desired. some extra cautions are required in this are between 300 pints of Nifty up and down to take any trade or fresh buy until clear move. after 3-4 days market will decided its clear movement.
PUT CALL RATIO NIFTY FUTURE
| MONTH | PCR |
| 25 JAN 2024 | 1.21 |
| 29 FEB 2024 | 1.21 |
| 28 MAR 2024 | 1.21 |
- PCR is normal.
RSI ON VARIOUS TIME FRAME
| TIME FRAME | RSI |
| 1 DAY | 72.54 |
| 1 HOUR | 50.20 |
| 15 Min | 51.11 |
RSI is not overbought or sold
Also read :
NIFTY Prediction Today for Tomorrow (01.02.2024) | Nifty Predication Today
SUPPORT AND RESISTANCE FOR INTRADAY (03.01.2024) :-
Nifty last closed on 02.01.2024 on 21,661 and on 03.01.2024 break of support of 21,564 will you see more fall in intraday. Further 21500 is also important support. Now 21735 and 21805 and resistance for Intraday, so plan your trade accordingly :
NIFTY Support 21,564 – 21,510- 21412 and Major Support 21384
NIFTY Resistance 21,735- 21805 – 21,870 – 21927
Strategy for Next day (03.01.2024)
We will short if break below 21564 with strict stop loss as overall market trend is bullish. 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. On 03.01.2024 also Banknifty expiry market may also behave in range. Option seller may be lead the market.
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NIFTY Tentative Range – 21510———————————————————– 22222 |
Also read :- Latest News for next year
Nifty50 15 Min Chart
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