Oil rises on Keystone uncertainty, but Fed jitters limit gains and thus Nifty will be underperforming as compared to the bank nifty.  Oil prices climb on uncertainty over Keystone pipeline restart, Russian supplies.

India’s retail inflation rate unexpectedly decelerated to an 11-month low in November, and factory output contracted to hit a 26-month low in October, further strengthening the case for ending the rate hike cycle by the central bank. The data released by the National Statistical Office on Monday showed that the Consumer Price Index (CPI)-based inflation rate eased below the Reserve Bank of India’s (RBI’s) upper tolerance limit of 6 per cent, to 5.88 per cent, in November due to a sharp moderation in food prices. It was 6.77 per cent in October 2022, and 4.91 per cent in November last year. The Index of Industrial Production (IIP), on the other hand, shrank 4 per cent year-on-year in October as manufacturing output contracted 5.6 per cent. Average inflation has remained above 6 per cent for the past three consecutive quarters, which constituted a failure on the part of the RBI to meet its inflation mandate.

Above is a good news and we might see Nifty touching 19000 levels in December series. Are you ready to get benefitted with the swift move in Nifty. Speak to us at given phone number in the top portion of the website.

Nifty Option Intraday Tips

Nifty Spot View: 13/12/2022
Cmp: 18497.15
Support & Downside Range: 18425--18345
Resistance & Upside Range: 18522—18565—18604—18645—18670

Short Term Trend Reversal Level: -- 18345
Trading View: Intraday bias remains bullish till nifty is trading above 18425 spot levels break below 18425 bias goes sideways and break below 18345 bias turns bearish whereas upside key level to watch is 18522 spot levels break and sustain above it for 15-30 mins nifty opens for upside intraday minimum 18565—18604 spot zone and max 18645—18670 spot levels.

Trading less but trading accurately is the mantra for our success for clients who are using our Nifty Option Intraday Tips and remember to click the link and visit the page to get useful info. Option intraday tips is an easier way to make money as it requires a very small capital to get started in Nifty and if you have lesser capital than you can trade in out of the money options and lot size of Nifty is 50. 

IMPORTANT DATA TODAY

 BOE Financial Stability Report(GBP)(Time04.00pm)

 FPC Meeting Minutes(GBP)(Time04.00pm)

 BOE Gov Bailey Speaks(GBP)(Time04.30pm)

 NFIB Small Business Index(USD)(Time04.30pm)

 CPI m/m(USD)(Time04.30pm)

 CPI y/y(USD)(Time04.30pm)

 Core CPI m/m(USD)(Time04.30pm)

 30-y Bond Auction(USD)(Time11.30pm)

Nifty live update as per #optionsdata CMP 18588 as per data downside big PUT OI standing at 18500 puts and BIG OI standing at 18600 Calls which si 1.20cr ++ it's 1pm and till now no fresh call writing is visible in 18650—18700 calls and today in 18600 put as of now fresh 47lac put writers added today and its has total oi standing at 1cr which indicates that once nifty break and sustain above 18604 spot levels after 2.30—2.45 pm we may see strong short covering up move which may lead nifty towards 18665—18700 spot zone and as per data now downside 18550 -18520 acts as strong support in remaining 2.30hrs of today's market.

Nifty closing guidance for 13/12/2022 as per this current options data ideally nifty should not give today's close below 1 8 5 4 0 spot levels in worst case and in good case it should give close at or above 18604 spot levels and in excellent case it should give today's close at or above 1 8 6 6 5 spot levels let see CMP 18586 spot levels