Live & Latest Intraday trading Stock Recommendations tomorrow, Stocks in news, Intraday tips free today, Stock market investment tips today and tomorrow, intraday nifty and stocks tips and calls, Friday 06 Jan 2017, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intraday, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading tips, intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 06 Jan 2017 :-
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Even as the indices turn volatile on intraday basis after a healthy directional trend on January 5th, the derivative data confirms the underlying bullish sentiment of the market. Fresh put writing was seen at 8200 which can be termed as new immediate support levels for market.
The call writing at 8400 levels indicate market bullishness. 8400 levels for Nifty could act as resistance levels for the January session with only 18 trading sessions left for the January series. The call writing shifted from 8200 levels to 8400 indicating the new resistance levels for the markets.
6.4 lakh contracts were added to the 8400 strike prices and fresh levels of 8500 and 8600 also saw some bit of call writing with 1.5 lakh contracts and 2.5 lakh contracts being added respectively. Put call ratio of 1.22 indicates bullishness in the market. A put call ratio above 1 is considered bullish whereas the put call ratio of less than 1 is considered bearish for the markets. Markets may take a breather after a strong rally yesterday even as Dow Future is trading in red.
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