Nifty Levels: Sell, sell every rally from 19779-19812. Friday factor today after 3 days of selling, be a little cautious. Look for short trade at 19605 zone, cover short at 19561


Strategy on Nifty: The resistance zone is of-19779-19812 and the bigger resistance zone is of-19839-19899/19916. Base zone is of 19666-19605 and bigger base zone is of 19561-19533/19505.

There was a clear selling opinion on Thursday, the target of 19741 was achieved, we also went short. Yesterday institutional investors made heavy selling, net long contracts decreased to 22,000. In the monthly contract, there is heavy call writing at 19800-19900-20000, OOI- 2.41 crore,
little put writing at 19600-19500, 50 DEMA at 19540. Sell, sell every rally from 19779-19812. Friday factor today after 3 days of selling, be a little cautious. Look for short trade at 19605 zone, cover short at 19561.

Strategy on Nifty Bank: The registration zone is of-44815-45020 and the bigger registration zone is of-45261-45347/468. Base zone- 44484-44329. Big Base Zone – 44240 (100 DEMA) – 44087. Yesterday the market fell under the pressure of Nifty Bank, heavy shorting took place. We took a short trade yesterday also, now today is the Friday factor.

Heavy call writing at 44800-45000-45200, 50 DEMA at 44815. 44240 (100 DEMA) is now the most important support zone. Sell ​​below 44815-45020, sell in every rally also. 44240 (100 DEMA), 44087 are the most important zones to cover shorts. The zone of profit booking is 44240-44087.