NIFTY FOR TOMORROW 10th January 2022




Put to call Ratio - 0.99

FII buy value - 8183.82 sell value - 7687.55  buying - 496.27 buy side  

DII BUY value - 5718.29 sell value - 5833.95 selling - negative - 115.66 sell side

On 07th Jan 2022 nifty 50 index opening 17797.60 and closed at 17812.70 the high is 17905.00 and low is 17704.55. The Candle is closing closing 8 EMA and formed a DOJI

07th January 2022 Post market report:

Yesterday nifty closed at ------- and today opened at 17797.60 gapupof almost 51.70 points with this  gap actually opened between PDH/R1 and narrow CPR so trend should be sideways but good buying volumes in futures pushed nifty to highs of 17905.00 Nifty took resistance at a little higher on R2 and a fantastic stoploss hunt for sellers and index came down a little below CPR. R2 to CPR movement was excellent

Weekly nifty trend - Uptrend

Daily nifty trend - Uptrend above both EMA's a doji is made if sellers dominate tomorrow then index will come down

Hourly nifty trend - Last one hour there was heavy buying after rejection from slow moving EMA

Following are the important levels that I have found to be relevant for tomorrows trading setup;

levels 17910.28 is an important resistance and 17709.83 is an important support

Based on analysis tomorrow will be trending day

Nifty closing: 17812.70

If market opens with a small gap up of 30 - 40 points the nifty will tag 17910.28 and if nifty sustains above 17910.28 for 15 mins then all chances for index to move up

If market opens with a small gap down of 30 - 40 points easy index may tag 17709.83 

If market opens Gap Up: If market opens gapup or 100 points and retest at 17190 all chances to move up

In case of big gap down of 100 points  and index sustains below 17709.83 for more than 15 mins then market will go down

10th January 2022 can also see a trending day please hold for 1 hour before taking any trade mark IB  for a five minutes candle and take a trade from there.

I am not a SEBI advisor this advice is not for trading its only my view and for you its only information for educational purposes only.

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