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| Dalal Street Witnesses Another Bullish Session – Nifty 50 Surges 300 Points, Sensex Rises 1100 Points |
🔥 Dalal Street Witnesses Another Bullish Session!
In our previous blog, we predicted another bullish session on Monday, and Nifty 50 today proved it right! The market roared, and all major indices closed in the green.
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Top Gainers: 🏆 Kotak Bank (+4.5%) & NTPC (+4.5%)
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Top Losers: ❌ Titan (-2.5%) & IndusInd Bank (-2.5%)
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Sector Leader: Nifty PSU Bank 🚀 +3.18% gains
📈 Intraday Highlights:
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Nifty 50 today traded in a tight 23630-23700 range for the last 3 hours.
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Option buyers got a golden opportunity to book good profits.
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With Sensex Expiry tomorrow, traders are now asking:
🔹 Where will this momentum end?
🔹 What resistance level can trigger a retracement?
🔹 What is the strong support level?
Let’s analyze the Nifty 50 chart, open interest (OI) data, and key technical indicators to predict the market trend for tomorrow.
📊 Technical Analysis: Where Is Nifty 50 Headed?
🔹 Candlestick Chart Pattern:
✅ Bullish Structure: Nifty 50 is firmly in an uptrend on the daily chart.
✅ Key Resistance: 🔼 23800 (previous resistance, now crucial).
✅ Support Levels:
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Immediate Support: 23580
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Major Support: 23430 (today’s low)
⚠️ RSI Alert: Overbought Zone – Caution for a potential pullback!
🔍 Open Interest (OI) Data Analysis
📌 Resistance Zones:
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24000 CE OI 🏔 1.09 Cr. – Strong resistance
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23700 & 23800 CE OI ⚠️ 57 Lakh each – Immediate hurdles
📌 Support Zones:
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23500 PE OI 🏗 90 Lakh OI – Strong support
🚀 Bullish Signal: Call OI is decreasing at every level, indicating bullish sentiment!
📈 Buildup Analysis: Bulls in Control?
🔍 All three key indicators show strong buildup supporting the bulls.
🔮 Prediction for Tomorrow’s Market Movement
Based on the Nifty 50 chart, open interest data, and indicators:
✅ Market can show another bullish blast tomorrow.
✅ Expect strong resistance at 23800 & 24000.
✅ Profit-booking likely at higher levels.
⚠️ Stay cautious! We will update predictions after checking FII-DII data.
📊 FII & DII Activity – Smart Money Moves
📌 FII Activity: +3055.86 Buy.
📌 DII Activity: +98.54 cr Buy.
Instead of all buying and bullish sentiments, FII sold 19000Cr. In Index options. That means there are chances for Downside. Be Cautious.
📚 Key Learnings from Today’s Market
🔹 Market Pattern: If the market is strongly bullish in the first 2 hours, it tends to go sideways for the next 1-2 hours.
🔹 Options Premium Strategy: Always analyze the intrinsic & time value before trading, even in the right market direction.
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💬 What’s your prediction for tomorrow? Share your thoughts in the comments below! Let’s discuss. ⬇️📢
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