Stock Market Today: Sensex, Nifty 50 Technical Analysis
Stock Market Live Today : Sensex, Nifty50 Technical Analysis For Options Trading
Stock Market Today: Sensex
Sensex opened with little gap up and came down but then there it has taken support at 81180 levels and which is support of Fridays in the last hour which is good sign it tells Sensex go up further so index option trader focus on call options.
With this support Sensex marked new high today morning session at 81460 levels and it has sustained there with current support of 81360- 81390 and broke the 81480 resistance level twice which is again good sign for call option buyers to take position. Here Sensex tried to sustain and with new supports of 81520 level and successfully taken the next move in upward direction and again marked new for today at 81846 level and it came down little because of profit booking of day traders or last day positional traders but again take support at 81660 again come back close to new high levels and their it has struggle to sustain with small buying and selling cycles but with support of 81660 and above todays resistance of 81630 and sustained above it and closed at 81784 levels. This is good for buying call options.
Overall sensex movement is upward and positive which shows it will go up further but this take week and it needs to carry the created new support otherwise selling will happen and it can come down to previous levels. This is good for positional options trades to make good money out it.
Index Call Option Buyers
If Sensex sustain here with current created support then it will hit the 82040 levels tomorrow and it can make new high above there, if sustain above this level with good buying.
Index Put option Buyer
If off market selling happens for profit booking and Sensex doesn’t sustain here then it will come down by breaking the created support at 81660 levels to 81480 levels if sensex breaks strong support of day 81545 level then option traders can buy put calls once it breaks the levels of 81645
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