Nifty Spot View: 06/09/2023
CMP: 19574.90
Moving AVG (EMA) 20 Hour & 40 Hour: 19508 & 19457
Moving AVG (EMA) 20 Day & 40 Day: 19430 & 19375
Support & Downside Range: 19525—19448--19405
Resistance & Upside Range: 19611--19734
Short Term Trend Reversal Level: -- 19223.65
Trading View: In today's trading session key support to watch is 19525 spot levels as long as nifty trading above this support zone its intraday bias remains bullish for upside 19611 to 19734 spot levels whereas after opening if we break and sustain below 19525 for 15 mins then we may see some cooling off pull back till minimum 19448 to 19405 spot levels. So understand the importance of 19525 spot levels.
Make profit intraday using our nifty option tips on a daily basis.
Nifty View
The Nifty continued its positive momentum for the third consecutive day on back of buying seeing in Reliance and ITC. For the day, 19500 Put strike holds substantial OI which is likely act as immediate support while on the higher side 19700 is likely to act as resistance area.
Bank Nifty View
The Bank Nifty continue its underperformer vis a vis Nifty on the back of selling pressure in HDFC Bank. For todays expiry, we expect Bank Nifty to continue its consolidation around 44500 levels.
Stocks in F&O Ban
Balrampur Chini, Bhel, Hindustan Copper, Indiabulls Housing Finance, India Cement.
