View Technology: A wonderful sales trend continues. 23,100 resistance to focus. How to trade on Wednesday
The selling of the index is still sold when it rises. The immediate resistance to the index is 23,100 and the support is 22,850. Momentum indicators continue to be under the Hold area, which may be possible for dead cat bounce. The data of the option writer for the monthly expiration in January showed that writing about the foot at more than 23,000 levels has increased, which shows support for the index.
According to the public interest (OI) data, the highest OIs on the call side were observed at 23,000 and 23,200, and the highest OI on the foot side was 22,900, with a 23,000 blow price.
What should a trader do? The analysts said:
The Satish Changra Aluri, Lemonn Markets Deskbenchmark Indices held a relief rally from the rapid losses of Monday, while the larger and more, the performance of the evaluation and import problems was extended to the decrease. The market has been recovered and gradually recovered throughout the afternoon to recover 23,000 levels before clearing part of the last transaction time to settle below 23,000 levels. What we witnessed on Tuesday is the limit relief rally that is interested in some large companies that provide decent income while the overall core trend remains as a disadvantage of the market. Technically, despite reactions, Nifty 50 is closed below 23,000, and the 22,800 levels are expected to play an immediate support.
Rupak de, LKP Securities
NIFTY has strengthened its weakness in the market by maintaining volatility throughout the session before finishing less than 23,000 or less. In the short term, the index is likely to be under the weakness as long as it remains less than 23,000 based on the finish. The disadvantage is that immediate support is deployed at 22,800 and can be reduced to 22,500 due to violations below this level. On the contrary, more than 23,000 people can provide short -term slogans to the market.
Nandish Shah, HDFC Securities
After two consecutive days, NIFTY experienced a relief rally. After the 131 -point gap began, Nifty continued to rise to 23,137, which was more than 300 points in an increase in the previous day. But after 2:45 pm, Nifty was rapidly corrected from today’s best to 22,910 points. The support for nifty is placed in 22,786, and the immediate resistance is 23,137, 23,347.(Exemptions: Recommendations, proposals, views, and opinions provided by experts are itself.
