Stock Market- Know where you can earn profits in Nifty-Bank Nifty before the market opens


SGX NIFTY is indicating that Indian markets may start with weakness today. Today mixed signals are being received from the global market. By the afternoon of January 24, the market was seen losing its edge. It closed flat at the end of the trade. Despite good cues from Asian markets, the market turned weak ahead of the expiry of derivatives contracts on January 25. The Sensex closed at 60,979 with a gain of 37 points yesterday. At the same time, the Nifty fell 0.2 points to close at 18118.30. In such a situation, at what levels betting on Nifty and Bank Nifty can earn good money, let’s have a look.

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nifty move

Virendra Kumar of CNBC-Awaaz said that the first resistance zone of Nifty is 18173-18206 and the second major resistance zone is 18243-18271/313. Its first base zone is 18080-18039 and the second big base zone is 18019-17976. Today the expiry of January series was seen. Nifty is stuck in the range of 18000-18200. Call writers of 18200 are firmly established. 18000 is occupied by put writers. The first base has several important averages in the range of 18080-18039 including the 20 DEMA. 18100-18080 is a good buying zone. Profit booking is possible at 18173-18206 level. There is a breakout above 18206 and a breakdown below 17976. Holds above 18206 and 18243-271 is possible for short covering.

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What will be the condition of Bank Nifty

And how will Bank Nifty earn today? Talking on this, Virendra Kumar said that the first registration zone of Bank Nifty is 42907-43010 and the second major registration zone is 43112-43360. And the first base is at 42568-42430. Its first major base zone is at 42368-42254. Bank Nifty is also stuck at 43000. The OI of the call of 43000 is about 53 lakh shares. 35 lakh shares have been received in OI of 42500 put. There are three important averages between Base-1 and Base-2. HDFC Bank is showing strength and is witnessing rollover to new highs. Make a buy into the decline closer to first base. Exit the long trade near the first resistance. Expiry is swing only if it stays above 43010 for 15 minutes.

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