Wednesday, March 1, 2023

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 2 MARCH 2023

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Markets staged a relief rally after eight sessions of losses as broad-based buying on short covering and an uptrend in European and select Asian indices supported sentiment. The rebound was expected as the market had seen relentless selling for the past week or so on weak global cues and concerns of a slowdown. Indian benchmark indices closed positive on March 1st with Nifty around 17450. Finally, the Sensex rose 448 points to 59411 and the Nifty rose 147 points to 17450.

A promising reversal formation and a strong bullish candle suggest another uptrend in the near future. For the traders, 17400 would act as a sacrosanct support zone and above the same the positive momentum is likely to continue till 17600 -17650. On the other side, below 17325 uptrend would be vulnerable.

Resistance: 17500, 17600, 17700

Support: 17400, 17300, 17200

3 comments:

  1. what is target for nifty in this week ?

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  2. can you proved same calls for tomorrow's?

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  3. can you suggest me some good option calls?

    ReplyDelete