Cmp: 17858.20
Support & Downside Range: 17813—17795—17761--17700
Resistance & Upside Range: 17876—17915—17945—17975--18035
Short-Term Trend Reversal Level: --
Trading View: Ahead of the weekend key level to watch for today's intraday session is the 17813 spot level, after opening if 17813 gets to hold and we may break and sustain above the 17876 spot then we may get some upside move towards 17915 to 17945 minimum and max 17975—18035 max whereas a break below 17813 spot bias goes weak and we may again fall downside towards 17795-17761 minimum and max 17700 spot levels.
For us 2 levels are important, 17770 on the downside and 17850 on the upside. Both are spot levels.
Nifty. If the index sustains above 17850, we should expect 17980 and higher but a break below 17770 opens a decent downside. Note- The overall structure on Nifty is weak.
Check our daily Nifty Trading Tip and count more cash in bank for deposition.
Nifty live update CMP 17835 till the time nifty trading above 17805 spot levels high chance are there that today's worst case close nifty gives at or above 17876 spot levels and good case close at or above 17915 spot levels and excellent case at or between 17945—17975 spot levels, #Note : if nifty breaks 17805 spot than this #closingguidance view will negate
Seems patience is working
Nifty options live update CMP 17936 spot levels its 12.59 pm if nifty manage to sustain above 17975 spot by 2.45pm than by day end we may see 1cr of call writing 17800/17850/17900 strikes comes in pressure to cover their shorts ahead of weekends which and if this short covering comes than high chance nifty may head towards 18000-18035 in closing also.
FII & DII DATA
FII Net SELL - 1662.63cr
DII Net BUY - 2127.65cr
