Stock Market Today Update : Index Technical Analysis
Stock Market Live Today : Sensex, Nifty50 Technical Analysis For Options Trading
Stock Market : Sensex
Sensex closed at 81774 by moving more than 500 points from day high to low and low to high and it lost
Sensex opened flat and gained some upward movemt but failed to sustain above 82040 levels because of selling and came down by breaking above levels and taken support 81700 levels for day and it again gained up to levels of 82040 levels but failed to break so it came down this is sign of selling because of profit booking and may be because of weekly expiry.
This shows the selling pressure so down side move is possible .
Sensex Call Options buyer
For call buyers sensex needs to break the 82040 levels again with bullish buying and need to sustain there to hit further high level. Till then wait and hold.
Tommarow is sensex expiry option buyers can take advantage of price actions between these market down movements.
Sensex Put Options Buyers
For sensex put buyers It will hit the downside 81500 levels onec it breaks today mid day support of 81700 so put buyers will get good downside and make money.
Stock Market : Nifty 50
Nifty opened flat with good buying and ained 100 points but failed to sustain there a ove the levels of 25150 and 25120 and came down this is selling. nifty taken support above 25000 levels which is support of previous days buying. This is good support. Nifty tried to go up with this support but failed and hit the resistance level of 25120 and it came down and closed 25030 Level.
Today in nifty selling is happen as per previous analysis and today day candle is week for buying signals so it will come down
Index Nifty Put Options Buyers
Nifty put buyer Ii nifty breaks 25000 levels then it come down to 24900 levels and further of it 24860.
Index Nifty Call Option buyers
If nifty sustain here then it need to break the above levels then it will go up otherwise it struggles here to create support. It can take one day to recover.
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