$ For The Trade $

If we see the FII data, they have increased their short position

We have to see how the market reacts today because on the daily time frame, last week market consolidated in the range of 24000-24500

PCR is 0.77 at ATM and 0.83 overall which is neutral

If we see the OI, 24300 is resistance and 24000 is support

NIFTY ANALYSIS

Bank nifty is looking much better than nifty on weekly time frame

Nifty made a DOJI candle on weekly time frame below the trend line

Good morning, all

Happy monday, happy new month!♥️💚 Are you excited to trade today? Yes 👍 No 👎 Totally ❤️ Not at all 😁 Can't wait 🔥

💫 Market Metrics: Weekly Roundup ⭐ Sensex: 79,724.12 ⬆️ ⭐ Nifty 50: 24,304.35 ⬆️ ⭐ Nifty Bank: 51,673.90 ⬆️ ⭐ Nifty Smallcap 100: 18,794.90 ⬆️ ⭐ Nifty Midcap 100: 56,496.05 ⬆️ ✨ Market Performance Key Takeaways For The Week 🌟 The markets finished flat after finding some respite during the festive week as Nifty 50 largely traded within a range, ultimately closing the week with a minor loss of 0.10%, a tad above 24200. 🌟 The past week’s resistance zone of 24500-24600continues to remain in effect and a breach above this range is needed before considering aggressive positions. The support zone also remains the same as that for the past week, 24100-24000, and breach below could trigger further weakness. 🌟 The market participants are advised to keep a close eye on the banking sector for guidance as it has shown relative strength and will be crucial in determining the market’s next move. Also, a selective approach remains essential in the existing volatile environment 🌟 BANKNIFTY managed to close with modest gains of 1.5%, just above the 51500 mark. While traders are advised to refrain from reacting to short-term momentum on either side and adopt a "sell on rise, buy on dip" approach, a strong resistance is expected in the 52300-52500 band. The immediate support is anticipated in the 51300-51150 band, with a critical support zone at 50400-50300. …………………………………………………… ✨ News Highlights For The Week 🌟 HDB Financial Services files draft papers for Rs 12,500 crore IPO 🌟IPO calendar next week: Swiggy, 2 others to open; Afcons Infra to list 🌟 Dabur to acquire Sesa Care at enterprise value of Rs 315-325 crore 🌟 Sebi wants fund managers to deploy NFO proceeds within 30 days 🌟 Bank of Baroda to open 600 branches, strengthen ‘RAM’ loan focus ————————x——————— Disclaimer: https://bit.ly/3usSGoH  Sources: Angel One Research | BS| BS | FE | Mint | BL | Date: October 31, 2024

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24200 pe 13 Trade your own Risk