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 call 10 January 2018, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 10 January 2018.
--------------------------------------------------------------------------------------------------------------------------------
At current levels still, there is a lot of outstanding short position held in Nifty and Index calls and we can expect another round of short covering move going forward.
As per the current derivative data, Nifty can move towards 10,750-mark as the market undertone remains bullish with the support of consistent long buildup and short coverings.
The derivative data indicates the bullish scenario is expected to continue with Nifty having multiple strong supports at lower levels around 10,550 and 10,500 spot.Currently, Nifty is moving up, with a decent addition in the open interest (OI) which indicates strength in the current trend. Option writers were active in the recent rally as we have seen put writing in 10,400, 10,500 & 10,600 strikes along with the unwinding in calls.
We have been continuously seeing open interest addition post expiry which indicates long buildup. Moving forward, we expect a fresh breakout in the Nifty Bank which can lead the market and let Nifty to make new highs.
On the technical front, 10,550-10,500 spot levels is strong support zone for Nifty and current trend is likely to continue towards 10,700-10,750.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007✔
or visit http://www.ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007✔
Give a Missed Call for Free Trial - 09699997717
0 comments:
Post a Comment