PRE MARKET ANALYSIS OF NIFTY FOR 13 NOV 2024

11月12日

13 Nov 2024
WORLD MARKETS
1. US markets are looking bullish, while Asia and Europe is mixed with a negative bias.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 15 indicating increase in volatility. 14.6 is a very good support meaning we may expect increase in volatility.
2. GIFT NIFTY is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC BANK has taken rejection at 1780. 1700 is a good support.
2. ICICI Bank has good support at 1250.
3. Reliance has resistance at 1280 levels.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24000 - 23777: Sell any rally to 24100 and break below 24000.
2. NIFTY OPEN ABOVE 24000: Sell any really to 24155 and break below 24000 decisively.
3. NIFTY OPEN BELOW 23777: Sell any rally 23900.
PLEASE NOTE : SINCE THERE WILL BE NO WEEKLY EXPIRY POST 13 NOV 2024 FOR BANK NIFTY, I WILL NOT BE ANALYSING THE SAME. INCASE AUDIENCE WANT ME TO ANALYSE, PLEASE PUT IN COMMENTS.

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.