Stockmarket view provides daily stock market setup also trading ideas on banknifty and nifty,stock picks, and portfolio tracker on picktrades…
Before we go ahead for stock market view let’s discuss today’s scenario 04/09/2022
Evenmore we discussed #Banknifty future has the RESISTANCE at 38500 & SUPPORT of 38000 #Nifty future has the resistance of 17000 & support of 16800. our view was to BUY on the breaking of RESISTANCE goes well and we made good bucks.
Further more Stock market view trend change level in banknifty is (38387) & nifty is (16976) here we did not activate the level…
Moreover, today we did not activated the USDINR BUY call & activated the stock call of lupin and met target also made good bucks in stock also.
Firstly Stock market view for trading date 06/10/2022 & also Chart of both index.
Moreover Nifty Spot Levels
Buy Above @17280 Target 17310,17350,17400
Sell Below @17180 Target 17150,17100,17050
* 17200 PUT is nevertheless Highest OI 1.38 lakh with strong support at 17200
* 17300 CALL nevertheless the highest OI 80k strong resistance at 17300
Banknifty Spot Levels
Buy Above @39200 Target 39350,39500
Sell Below @38800 Target 38659,38500
* 39000 PUT is nevertheless Highest OI 55 k strong support at 39000
* 39500 CALL is nevertheless the highest OI 71 k strong resistance 39500
Moreover good script t trade on Stock market view 06.10.2022 (ON TREND SIDE)
BUY SBIN 536 TARGET 540,545
Too Trend chaning level for 04.10.2022
#NIFTY 17243 FOR INTRADAY TRADER
#BANKNIFTY 39166 FOR INTRADAY TRADER
( Trend change with opening price if opening price of both index is below the levels then go for buy when level break vertically and vice versa for if opening price is higher than the mention levels price)
Firstlly Intraday time for reversal can be at 9:20/11:45/12:30/1:45/2:20
Secondly The Option Table data indicates decent support at 17000 and reasonable resistance at 17500. There is total OI of 2.08 Lakh on the Call side and 54 Cores on the Put side, So, the activity is more on the PUT side, indicating option writers are in the Bullish zone
.Again FII’s Bought 1344,63 Crores and DII’s Bought 945,92 Cr in the cash segment.
USDINR closed at 81.8300 looking strong Buy at 81.8500 target 81.9200,82.0000
Finally Positional Traders Stay long till we are holding Trend Change Level 17000 for nifty & for banknifty 38700 and stay short below it. That will help you stay on the side of Institutions which has a greater risk-reward ratio.
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