So as we analysed yesterday – 
NIFTY gave a good move today. The higher buyers’ volume from yesterday reflected well and the index managed to close above the critical resistance of 25000.
But here’s the catch – even with such a strong closing, there’s no sign of fresh buying in Nifty. Today’s move was mostly due to short covering.
If we look at the data, most of the buying in the market is coming from retailers’ SIP flows. Mutual funds are doing the bulk of the buying, while FIIs continue to short and remain heavily bearish on Index Futures.
The good part is – all that FII selling is being absorbed by DIIs.
Now let’s talk about tomorrow's market view:
Nifty’s pivot has moved slightly higher to 25023 – that’s a positive sign. Pivot percentile is tight at 0.11%, which usually signals that a sharp move is coming.
Buyers also beat sellers by 41 million in volume – again, a good signal.
So tomorrow, two scenarios to watch:
1. If the market opens above the pivot and sustains, a sharp move can come.
2. If it touches support at 24950, bounces back, and sustains above the pivot for an hour – then also a sharp upside is likely.
But remember, if Nifty opens below the pivot and stays under 25009, we could see a quick downside spike. Since tomorrow is expiry, I’m keeping both possibilities in mind.
That said, my view remains bullish. If any opposite move comes, I’ll treat it as a buying opportunity – no need to panic.
Next resistance is at 25222 and support is at 24950. Market breadth is also positive.
BANKNIFTY is facing resistance at 56098. Only a break above this can give momentum. One point to note – sellers’ volume in BankNifty was 5 million higher than buyers today, so keep that in mind for tomorrow.
On the sectoral side –CNXFINANCE and Fertilizers look good for tomorrow. And IT – like I mentioned earlier – when the market bounces, 
CNXIT will be the first to move up with strength. It’s already performing well, so keep a close watch there.
How my recent trades performed today:
1.
OLAELEC up 18.69% 🚀
2. #ANTHEM gave 4%+ intraday
3.
GODFRYPHLP up 12.83%
4. #SWIGGY up 2.77%
That’s it for today. Take care and have a profitable tomorrow.
NIFTY gave a good move today. The higher buyers’ volume from yesterday reflected well and the index managed to close above the critical resistance of 25000.But here’s the catch – even with such a strong closing, there’s no sign of fresh buying in Nifty. Today’s move was mostly due to short covering.
If we look at the data, most of the buying in the market is coming from retailers’ SIP flows. Mutual funds are doing the bulk of the buying, while FIIs continue to short and remain heavily bearish on Index Futures.
The good part is – all that FII selling is being absorbed by DIIs.
Now let’s talk about tomorrow's market view:
Nifty’s pivot has moved slightly higher to 25023 – that’s a positive sign. Pivot percentile is tight at 0.11%, which usually signals that a sharp move is coming.
Buyers also beat sellers by 41 million in volume – again, a good signal.
So tomorrow, two scenarios to watch:
1. If the market opens above the pivot and sustains, a sharp move can come.
2. If it touches support at 24950, bounces back, and sustains above the pivot for an hour – then also a sharp upside is likely.
But remember, if Nifty opens below the pivot and stays under 25009, we could see a quick downside spike. Since tomorrow is expiry, I’m keeping both possibilities in mind.
That said, my view remains bullish. If any opposite move comes, I’ll treat it as a buying opportunity – no need to panic.
Next resistance is at 25222 and support is at 24950. Market breadth is also positive.
BANKNIFTY is facing resistance at 56098. Only a break above this can give momentum. One point to note – sellers’ volume in BankNifty was 5 million higher than buyers today, so keep that in mind for tomorrow.On the sectoral side –
CNXFINANCE and Fertilizers look good for tomorrow. And IT – like I mentioned earlier – when the market bounces, CNXIT will be the first to move up with strength. It’s already performing well, so keep a close watch there.How my recent trades performed today:
1.
OLAELEC up 18.69% 🚀2. #ANTHEM gave 4%+ intraday
3.
GODFRYPHLP up 12.83%4. #SWIGGY up 2.77%
That’s it for today. Take care and have a profitable tomorrow.
TrendX INC
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
TrendX INC
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.