Nifty -50 trend and Levels expecting on 06-01-22 trading day

6 Jan 2022

Hi,
The Following points may help full to Nifty -50 Option traders – Good Luck
Nifty-50 trend end in last session Strong Buy in Weekly , Strong Buy in Daily and Strong Buy in 15mint charts.
World market Trends – US – Strong Sell & Europe - Strong Buy
Asian market Trends – Nikkei –Neutral , Hang Seng -Strong Sell & KOSPI - Strong Sell
FII -Bought 336.83 Cr . in cash , Bought 475.68Cr in Index Future & in Index Option Sold -498.56 Cr on 05-01-22
DII- Bought 1271.95Cr. on 05-01-22
The support or resistance levels are mentioned in Chart . Your trade may take Position either side CE or PE of at the Money strict after sustained of min. 5 mints at the level above or below current market movement. Trade and earn money Good luck.

6 Jan 2022

Catatan

Synopsis:-
According to analysts, some indicators on the short-term charts have reached overbought levels
Malay Thakkar, Technical Research Associate at GEPL Capital..
The India VIX rose 7 percent on Wednesday and PCR is at 1.68; looking at these parameters we can conclude that market is overbought and profit booking can be seen, so one should be cautious at higher levels.
Gaurav Ratnaparkhi of Sharekhan
The upper end of a rising channel as well as the hourly upper Bollinger Band is also present near 18,000. Thus, 18,000 is a key level where the bulls can take a breather. But, if the bulls manage to push the Nifty50 beyond 18,000, the 78.6 per cent retracement of the entire October-December decline i.e. 18,140 will be the subsequent level to watch out for.
Mazhar Mohammad of Chartviewindia.in
Some indicators on the short-term charts have reached overbought levels, hinting at caution. It is critical for the index to sustain above 17,748 level as breach of this can attract some selling pressure on an intraday basis.
Tech View: Solid bullish candle
Nifty50 on Wednesday gave its highest daily close in 35 sessions and topped 17,900 level. The index formed a bullish candle on the daily scale and is seeing buying at lower levels. But, the psychological mark of 18,000 could be a crucial test for the index.
FN&O: Bear pressure increases
In the derivatives segment, Put accumulation was seen in the 18,000-17,500 range, meaning bearish pressure is increasing and  ..