Today is the last trading session of the year.
Our data analysis was spot on and now today is the day to book profits and step aside. No need to take trading positions over the festive weekend.
BankNifty Free Tips for Tomorrow
BankNifty Spot View For: 30/12/2022
Cmp: 43252.35
Support & Downside Range: 43110—42830--42489
Resistance & Upside Range: 43615—43800--43980
Short-Term Trend Reversal Level: -- 42489
Trading View: In today’s gap-up market key level to watch is the 43615 spot level after gap up if bulls did not manage to break and sustain above 43615 then we may see some cooling off dip which may lead to bank nifty towards the 43110 spot whereas if bulls manage to cross and sustain above 43615 than intraday move gets extend towards 43800 to 43980 spot levels.
Nifty. Support is placed at 18180 (earlier resistance) and resistance at 18350 and 18445.
BankNifty. The positive rollover was seen in Pvt banks and hence support is seen at 42900 and resistance at 43600.
Make money using our BankNifty Free Tips for Tomorrow on a daily basis.
Recap 2022
It’s been an eventful 2022. Inflation, the Russia-Ukraine War, unscheduled and unprecedented levels of rate hikes — this year had everything that can fuel volatility in financial markets.
Amid all the action, as always, we singularly focussed on the best way to preserve and grow your hard-earned money, be it stocks, mutual funds, fixed income or other asset classes. We steadfastly adhered to not being influenced by the hype and frenzies that dominate markets every now and then, which only cause pain eventually to those who end up believing 'this time it’s different!’
Right calls
Looking back at 2022, we recount with satisfaction that our broad market calls turned out to be right. When markets were still close to their peak and looked fearless, we were amongst the first to warn about the risks to stocks from a looming Russia-Ukraine war, in our January 23 edition, a full month ahead of the war. Further, when markets corrected to sub-16,000 levels mid-year, we rightly recommended investors play sector rotation to benefit from market rebounds in our Big Story in the June 26 edition. Our forecast in the beginning of the year that inflation and rate hikes will rock global markets played out too. In March, we wrote on how to shield your investments, from inflation, which, again, turned out to be well-timed, as inflation hardened in the months that followed.
On international stocks, we rightly refrained from giving buys on the famous US-listed big tech stocks in 2021 due to their excess valuations. However, as interest rate hikes routed global tech stocks this year, we recommended that investors enter a few specific names this year to capitalize on the opportunity.
At Indian-Share-Tips.Com we have always acted in the interest of the retail traders and made sure that they make profit using our Bank Nifty Option Tips for Tomorrow which are paid tips and deliver quite amazing results for the traders as we combine data analysis with trend analysis and to ice it with the experience to get that money making call.
We take to wish our readers on the eve of the New Year and hope that year 2023 brings all the more money and happiness in their lives.
| BankNifty - Current Expiry - Critical Option Analytics Data | |||||
|---|---|---|---|---|---|
| Strongest Support | Strengthening Support | PCR | MaxPain | Strengthening Resistance | Strongest Resistance |
| 43000 | 43200 | 0.928005 | 43200 | 43300 | 43500 |
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- Paul Tudor Jones
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