NIFTY is the Nifty index of the National Stock Exchange of India Ltd. It is a free-float market-capitalization-weighted index that represents the top 50 companies listed on the NSE.
NIFTY is a free float-adjusted market capitalization-weighted index. It is the National Stock Exchange of India's flagship indices and consists of the fifty largest companies listed on the exchange as per their market capitalization.
NIFTY-100 Index tracks the performance of 100 stocks out of total of 2000 stocks traded at the National Stock Exchange.
It also includes 50% weightage given to small-cap companies and 25% weightage given to midcap companies with market capitalizations below Rs 1,000 crore and above Rs 2,000 crore respectively.
The SENSEX Index is composed from thirty-two constituents including twenty-eight companies operating within various financial markets such as banking, insurance and mutual funds etc
Nifty and Bank Nifty Future are trading at a significant upside for the coming month meaning crazy bullishness is existing in the market and thus demand some kind of caution. So, first few minutes we will see the market moving up to trap retail traders at the higher level, and than it will come down followed by the range-bound movement during the course of the day in the first half. We may see upward momentum in the second half of the day. Hope you can get benefitted with our Nifty & Bank Nifty Future Tips on a daily basis as we trade in options where capital required is less.
Nifty & Bank Nifty Future Tips
Nifty Spot View: 25/11/2022
Cmp: 18484.10
Support & Downside Range: 18475—18435—18397--18327
Resistance & Upside Range: 18560—18606--18737
Short Term Trend Reversal Level: -- 18129
Trading View: Intraday trading bias remains bullish and strong till nifty is trading above 18475 spot levels break below 18475 we might see a cooling off and profit booking dip ahead of weekends towards 18435—18397 minimum and max 18327 spot levels whereas upside key level to watch is 18560 if this break and sustain above it for 15-30 mins we may head for ATH 18606 here we may see a strong rest cuz of weekends also, in short 18560—18606 acts as strong rest zone ahead of weekends if 18606 gets break and sustain above it for 30 mins to 1hr than move gets extend intraday towards 18737 if 18560—18606 rest holds than later in second half we might see a profit booking dip.
Optionswriters prospective for #nifty 1st Dec expiry : cmp : 18480 , a combined premium of 1 8 5 0 0 call & put trading at 200 and as per current data nifty range for 1st dec remains 18480+200 = 18680 upside and downside 18480—200 = 18280, and most of the time nifty trades between 18606 upside and downside 18360, if options writers are serious to eat this 200 points premium than they won't allow nifty to close below 18327 spot till 1st dec downside and upside 18680 spot.
BankNifty Spot View For: 25/11/2022
Cmp: 43075.40
Support & Downside Range: 42965—42875—42673--42475
Resistance & Upside Range: 43250—43485—43500 zone
Short Term Trend Reversal Level: -- 41000
Trading View: Intraday trading bias remains bullish till bank index trading above 42965—42875 zone break below we may see profit booking and cooling off dip towards 42673 minimum and max 42475 whereas upside 43250 acts as strong rest if this does not get break than anywhere near from this zone we may see a profit booking dip if 43250 gets break and sustain above it for 15-30 mins than move gets extend intraday towards 43485—43500 and here ahead of weekends 43485—43500 acts as big intraday rest zone.
Banknifty closing guidnace for 25/11/2022 gave and told that worst case remains between 42950—43000 spot and good case between 43085—43135 spot today and it closed at 4 2 9 8 3 once again closing guidance at it's best and 43000 call and put writers at its best a combined premium 572 closed at 474 today on a first day of 1st dec weekly expiry they ate 98 points of premium till now
