Nifty Spot View: 04/01/2023
Cmp: 18232.55
Support & Downside Range: 18210—18185—18145—18123--18080
Resistance & Upside Range: 18265--18330—18405—18430 zone, 18510
Short-Term Trend Reversal Level: --

Nifty Option Chain Tips

Trading View: Ahead of mix global market in today's trading session key level to watch is the 18210 spot after opening if bulls are unable to manage and hold the 18210 spot then we may see a range bound and sideways first half between  18210 to 18145 spot as smaller range and 18210 to 18123 spot as bigger range whereas if 18210 gets saved than we may immediate moves upside towards 18265—18330 spot as first immediate upside levels where we may face a little bit hurdle to cross it above 18330 next big move we may see in the market.

Trading is an art and we can help you make a daily profit using our Nifty option chain tips as we trade less but trade accurately.

Options writer's perspective for 05 Jan weekly expiry CMP 18101 spot levels a combined premium of 18100 call and put the trading at 140 points if options writers are eager to eat this premium of 140 points and zero it then till tomorrow now nifty remains in range upside 18100+140 = 18240 and 18100-140= 17960 and most of the time it may try to spend between 18200 upsides and downside 18000 spot levels.

Nifty live update CMP 18053 we almost saw 200 points dip from the day high now the key level to watch is 1 7 9 9 2 spot levels if this gets broken then we may break the higher high higher low formation which started from 17775 spot levels it means the entire bounce from 17775 to 17265 is a corrective bounce and next leg of down move can start which may take nifty towards 17100—17000 levels so to manage your cash holdings keep 17992 spot as your holding stop loss you can take half qty exit from cash longs if 17992 gets breach so that same stocks you can re-buy on dips and you do not have to infuse new funds to manage your holdings, remember 17992 has same importance like 1 8 4 2 7 spot levels we gave a few days ago and after 18427 got breach we saw a dip till 17775 so same way understand the importance of 17992 spot here below selling pressure goes intense.

Nifty if 17992 got saved today or in the coming days then we may again move upside towards 18265 or above levels if it gets broken then a new leg of selling will start in the market.

If bulls are alive and they do not wish that higher top higher bottom formation gets broken then they will try to save 17992 and today they will try to get worst case close at or above 18112 spot levels and good case close at or above 18163 spot levels and excellent case close at or above 18206 spot levels, if we do not get our today's worst case close at or above 18112 than one should be very #cautious to carry F&O longs overnight especially naked either its options or futures so watch 1 7 9 9 2 and today we must need a close worst case at or above 18112 spot for bulls to stay in the race #CMP 18068 spot levels.

If we do not get our desired close today in nifty  than something is fishy ahead of many FED min and many US data which about to come this weeks.

Update 

Market Closing: Nifty closed at 18,042.95 with a change of -189.6 points (-1.04%) Nifty Close to 52 Week High: Nifty is 4.68% away from its 52 week High of 18,887.60 

Nifty Moving Averages: While Nifty is trading below its 50 Day Moving Average (DMA), the 50DMA is trading above its 200DMA 

 All Market Cap Segments Falling: While all segments are declining, Large Cap are dragging the market with Nifty Next 50 down -1.35%

Midnight update for Tomorrow morning trade

Sgx up by 70 points ... Dow by 230 ...

Those who bought puts ...don't loose hope and sleep ...things will or can change 

Those who have bought calls , enjoy, albeit till tomorrow opening, when things can change

( Evanum thoonga koodathu..kozhuthi pottu namma thoonguvom)

My advise to all of you is that India vix is trading at its lows and we are near budget month and India is the only market which has crosses its previous All Time High (ATH). So all those who are trading in options buying please do not take any call options or put options naked , it's okay to lose less and gain less but because of lower vix if our market sees any trigger and vix rises then it might cause a trouble for naked options call and put buyers. So be careful till budget day.