PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 20 SEP 2024

9月19日

20 Sep 2024
WORLD MARKETS
1. World markets are extremely bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 13 indicating more bullishness.
2. GIFT Nifty is indicating a 63 points uptick at 25475. This amount to 53200 for Bank nIfty.
INDEX HEAVY WEIGHTS
1. HDFC Bank is extremely bullish. Next Tgt is at 1721.
2. ICICI Bank is also bullish.
3. Reliance however is bearish.
TRADING PLAN
1. NIFTY OPEN BETWEEN 25345 - 25484: No Trade.
2. NIFTY OPEN ABOVE 35485: Wait for a consolidation between 25450 - 25000 and wait for a breakout.
3.NIFTY OPEN BELOW 25345: Sell any rally to 25400.
BANK NIFTY OPEN BETWEEN 53175 - 52898: NO TRADE.
5.BANK NIFTY OPEN ABOVE 53200 : Wait for a consolidation and break above 53200 decisively.
6.BANK NIFTY OPEN BELOW 52898: Wait for a consolidation. If break down happen below 53800 sell. If Break out happen above 53100, Buy.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.