PRE MARKET ANALYSIS OF NIFTY FOR 12 DEC 2024
12 DEC 2024
WORLD MARKERTS
1. World markets are trading with a bullish bias.
INDIA VIX AND GIFT NIFTY
1. India VIX is on downward trend and hence market is consolidating in a broad range.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank is very bullish. It is consolidating with a bullish bias.
2. ICICI BAnk is also consolidating with a bullish bias.
3. Reliance is bearish. It has resistance at 1288. Next Tgt is 1270.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24672 - 24612: NO TRADE.
2. NIFTY OPEN ABOVE 24672 : Wait for a consolidation and break above 24750 decisively.
3.NIFTY OPEN BELOW 24612: Wait for a consolidation and break below 24500 decisively.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
WORLD MARKERTS
1. World markets are trading with a bullish bias.
INDIA VIX AND GIFT NIFTY
1. India VIX is on downward trend and hence market is consolidating in a broad range.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank is very bullish. It is consolidating with a bullish bias.
2. ICICI BAnk is also consolidating with a bullish bias.
3. Reliance is bearish. It has resistance at 1288. Next Tgt is 1270.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24672 - 24612: NO TRADE.
2. NIFTY OPEN ABOVE 24672 : Wait for a consolidation and break above 24750 decisively.
3.NIFTY OPEN BELOW 24612: Wait for a consolidation and break below 24500 decisively.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
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