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Overall it looks like nifty will fall, if nifty closes below 23000 then there is less hope for the bulls and nifty can fall further

Bank nifty is in range and if bank nifty closes below 48200 we can look for bearish trades

ICICI bank results are out and we have to see how it reacts and is it supporting the market or not

Pcr is 0.8 overall and 0.93 at ATM which is neutral to bullish

Resistance at 23200 and above

Support at 23000 and 22800

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Open interest data

If we see the Gift nifty it looks there can be a gapdown of 180 points, nifty will open below 23000 which is bad for the bulls

Nifty got rejected again from 23350 and it looks like it can fall further

NIFTY ANALYSIS

So I have a view that nifty can make bullish candle but it tried to go up but selling came and nifty came down around 300 points from intraday high closed in red

Nifty down 0.49% and bank nifty down was down 0.46% on Friday

Good morning, all

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And that's a wrap for the market!💚❤️ Did the market perform has per your expectations?🤔 Yes 👍 No 👎 Not at all 😭 No expec
And that's a wrap for the market!💚❤️ Did the market perform has per your expectations?🤔 Yes 👍 No 👎 Not at all 😭 No expectations 😂

Let’s see what happens in the market today

If we see the overall market, yesterday broader market recovered so there can be a chance that today both the indices can make a green candle, but nifty can be bullish again only if it closes above the range of 23400

PCR is 0.7 around ATM and 0.5 overall which is neutral to bearish

48500 is support and 49000 is resistance