Sep 29 points to make Trade plan of Nifty Banknifty Finnifty Usdinr Stock market Prediction as per the data of 28 sep we will try to find out why nifty fallen yesterday and what are the chances of recovery from this fall if not then hw further can this rabbit hole goes.
Main factor that is disrupting the market is crude high prices we are facing inflation and countries curb cost cutting rate hike to discourage demand as a tool for inflation.
Yesterday Fii Selling was approximately 3364 crore Net to which at probably lower levels DII purchased 2711 crore approx .
Which stocks were purchased by Fii Dii On 29 Sep
understanding the data all major indices shown more stocks towards decline and less advances But still stocks of Electrical Sector, Textile Sector and Photographic Products Did Well as compared to other sectors.
What is the expectation of NIfty Today
Last 30 Min candle was a Bullish engulfing candle which is a siganl that buyers were active at lower levels and this seems from data of dii Buying also 19562 is a technical support of the market if market opens up or move up to 19562 . so for buyers it seems as if option chain long positions were targeting 19562 as a stoploss for buying positions in nifty Below 19562 it seems the other support is not yet emerged so better chances will be to keep this level 19562 marked and wait for the Box of 19562 and 19750 with 19562 acting as a Support or stoploss of Buying positions and 19750 Acting as a point where Partial profits by Buyers who either made a new entry or the buyers who made the average for their existing positions can book partial profits.
Overall trend of the market is not negative it is the global pressure that is coming from us markets selling and considering the buying of Mutual funds in this Quarter it seems to be accumulation zone but either by placing a stoploss of total purchase or averaging and Hedging .
Today is the monthly expiry of Sensex will it be the same rocking as seen yesterday
Answering this can be tough as premiums of sensex options are high and when premiums are high Option sellers are demanding huge premiums for the risk they are taking which inturn increases the volatility uptill new oi is emerged.
