Bank Nifty Intraday Option Tips
BankNifty Spot View For: 16/12/2022
Cmp: 43498.20
Support & Downside Range: 43375—43200--42948
Resistance & Upside Range: 43672—43800—43920
Short Term Trend Reversal Level: -- 42948
Trading View: In yesterday's selling bank index closed near strong support of 43500 in today's gap down key level to watch is 43375—43200 spot zone this 175 points spot zone is a crucial support, after opening if bank index manage to hold this and we get bounce than in first phase it should move upside towards 43672 and if bank index closes around 43805 than bulls again goes in safe zone.
Cmp: 43498.20
Support & Downside Range: 43375—43200--42948
Resistance & Upside Range: 43672—43800—43920
Short Term Trend Reversal Level: -- 42948
Trading View: In yesterday's selling bank index closed near strong support of 43500 in today's gap down key level to watch is 43375—43200 spot zone this 175 points spot zone is a crucial support, after opening if bank index manage to hold this and we get bounce than in first phase it should move upside towards 43672 and if bank index closes around 43805 than bulls again goes in safe zone.
Avoid any long positions as market may gap down and will recover and will again go down heavily. Make money confidently using our Bank Nifty Intraday Option Tips as we trade less but trade accurately.
Eurozone November Inflation Revised Slightly Higher
The consumer price inflation in the Euro Area was revised to 10.1 percent year-on-year in November 2022, slightly up from a preliminary estimate of 10.0 percent. The rate slowed for the first time since June 2021 from October's record high of 10.6 percent, but remained well above the European Central Bank's mid-point target of 2.0 percent, suggesting policymakers will be raising interest rates for some time. Energy prices rose at a softer 34.9 percent (vs 41.5 percent in October), but remained the largest contributor to the overall price increase.
India’s exports rose to $31.99 billion in November, with a flat YoY rise
📮 India’s exports of goods increased by a constant $31.8 billion from November 2021 to November 2022, while the country’s merchandise trade deficit decreased to $23.89 billion from $26.91 billion in October 2022.
📮 From $53 billion in November 2021 to $55.88 billion in November 2022, merchandise imports increased.
📮 The value of exports from April to November 2022 was $295.26 billion.
Quote of the day by Warren Buffett, 1988
"We do not have, never have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now"
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