Nifty for Tomorrow - 11th January 2022

 



Put to call Ratio - puts OI 11,73,499 Calls OI 9,29,426  PCR ration - 1.27

FII buy value - 7981.58 sell value - 8105.81  difference - 124.23 selling is more

DII BUY value - 6150.78 sell value - 5669.23 selling  difference - 481.55 buying is more

On 10th Jan 2022 nifty 50 index opening 17913.30 and closed at 18003.30 the high is 18017.45 and low is 17879.15. Today market opened gapup and closed above Fast and slow EMA 

10th January 2022 Post market report:

Yesterday nifty closed at 17812.70 and today opened at 17913.30 gapup of almost 101 points with this  gap actually opened above PDH/R1 and narrow CPR so trend should be TRENDING but good buying volumes in futures pushed nifty to highs of 18017.45 Nifty broke the resistance R1/PDH and moved up good buy trade after 9.30

Weekly nifty trend - Uptrend crossed above previous week high and above both slow and fast moving average

Daily nifty trend - Uptrend

Hourly nifty trend - Uptrend

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

levels 18054.12 is an important resistance and 17915.82 is an important support

Based on analysis tomorrow will be sideways

Nifty closing: 18003.30

If market opens with a small gap up of 30 - 40 points the nifty will tag 18054.12 and if nifty sustains above 18054.12 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 17915.82

If opening is a small gapup or gapdown then its sideways

If market opens Gap Up: If market opens gapup or 100 points and retest at 18054.12 all chances to move up

In case of big gap down of 100 points  and index sustains below 17915.82 for more than 15 mins then market will go down

11th January 2022 can also see a sideways 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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