Nifty Tips Today for you to Make Money

Nifty Spot View: 14/12/2022
Cmp: 18608
Support & Downside Range: 18563—18540—18521.55
Resistance & Upside Range: 18646—18672—18715—18730 zone
Short Term Trend Reversal Level: -- 18425

We may see some gap up around 70 points in Nifty but again, not the time to buy. Bank Nifty is looking stretched on many parameters. It is a high possibility that gap up buyers may get trapped. 

If some of you have buy positions, then we suggest you to book profits.

Trading View: Intraday bias remains bullish and buy on dips till nifty is trading above 18521.55 spot levels and in such case upside we may see minimum 18646—18672 and max 18715—18730 levels whereas downside if we break 18521.55 than bias goes sideways and break below 18425 spot we may see again correction in market.

Time to go little cautious for options buyers here for intraday only because either market goes sideways here or we may see some dip so who so ever playing in index options this week expiry little cautious at this point.

Make use of our Nifty Tips Today and be a part of profit making group.

Nifty optionsdata update CMP 18649 highest OI in Put standing at 18600 which is 1.10cr and highest call OI standing at 18700 which is 1.38CR currently fight going on at 18650 Call & Put where Call OI standing 62 lac and put Oi standing 65 lac if nifty moves above 18666 spot levels after 3pm than this put writers comes at risk to cover their shorts... which may give advantage to bulls ahead of US FED out come