Stock Market Today : Sensex, Nifty50 Technical Analysis For Options Trading

Stock Market Today | Live : Sensex, Nifty 50 Technical Analysis For Options Trading

Stock Market Live Today : Sensex, Nifty50 Technical Analysis For Options Trading

Stock Market : Sensex

Today Sensex opened near about 100 points above which is reaction of last day movements in last sessions and immediately selling happened and sensex has taken support at 81800 which has created in last hours of Mondays market sessions and from then it go up and marked new high for today at 822210 and from their again it came down and taken support at 81920 which is above the last day resistance level 81830 and this is good sing for upward move for options traders.

So again buying happens based on morning market movement and sensex again hit the new high levels for today is 82300 which is very good for options buyers because sensex moved total 500 points from last day and it came down in the last trading hour because of profit booking of day traders and last days positions and it has closed 81951 by sustaining above the previous resistance level of 81840.

Today buying and selling cycles happened so it means there are buyers and sellers also present to book the profit or for option selling.

Index Sensex Call Options buyer

For option buyers as per open interest they needs to wait because OI is high for put side in last sessions so they need to wait till it crosses the 82040 levels and sustain there then only it is possible to break today’s high levels and hit new high and so option buyer book profit otherwise no. the further target for sensex is 82730 but for that it need to sustain above 82300 levels.

Sensex Put Options Buyers

For put options buyers as per open interest they can take position for small profit and need to wait to break levels of 81840 and 818710 then it will come down to 81480 and put buyer will get good down side move to make money.

This can happen for profit booking also because sensex has moved total 1400 points in last two three days.

Stock Market : Nifty 50

Nifty opened near to previous close and taken support above 25080 level and broke the levels of 25120 and further 25150 and marked new high for day above 25200 and came down. this is selling for profit booking and but this creates another opportunity for options buyers nifty has taken support at 25090 and then buying happened and with by sustaining there, it again go up and try to mark new high which is 25220 but failed to sustain there and come down because of selling. It has taken support in last hour at 25080 which is good but it has below the marked resistance levels so here these market movement needs to confirm for further moves by waiting for some time.

Index Nifty Call Option buyers

For option buyers they need to wait for breaking levels of 25120 and further 25140 for more than 100 points move but if nifty go up then it can hit the level of 25220 where buyers can book profit or place stop loss order.

Index Nifty Put Options Buyers

For put buyers it possible nifty come down if it fails to break above levels then can break 25060 level for downside move and if more selling happens then it can come to 20050 to 25000 levels and then put buyers can trade to make mone.

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