Nifty Future was volatile in last trading session and faced difficulty to sustain at higher levels. Nifty Future closed below 5700 level. Now it may take some correction below 5630 level in coming trading sessions. One should adopt the strategy of selling at higher levels. Support is at 5624/5540 while resistance is at 5755/5885 levels. The Nifty Index ended in the red territory in last trading session. It closed below its 5700 mark at 5691.05. On the derivatives front we have seen that the Nifty Futures prices ended in the red territory along with an overall addition of open interest and decline in the cost of carry, this is an indication of short built up in the markets at higher levels. On the options front the OI PCR is trading below the level of 1 at 0.88. The Indian Volatility Index (VIX) closed at 21.09 losing 1.72% indicating that volatility is less in the markets.

RESISTANCE: It has first resistance close to the level of 5755 & above this level the next resistance is seen near the 5860 mark.

SUPPORT: It has first support close to the level of 5621 & below this level the next support is seen near 5540 mark.

RESISTANCE: It has first resistance close to the level of 10745 & above this level the next resistance is seen near the 10955 mark.

SUPPORT: It has first support close to the level of 10530 & below this level the next support is seen near 10385 marks.

The stock is moving in a sideways trend currently. It now faces resistance at 134.50 while support at 123. One has to wait for crossing of levels on either side before taking any positions in it.

RESISTANCE SUPPORT

134.50 123

The stock is currently consolidating with negative biasness. Now it faces major support at 250, breach of this level may continue the bearish trend for the stock else it may also bounce back from lower levels.

RESISTANCE SUPPORT

270 250

Housing Development Finance has bearish trend. The stock has taken support at 635 and bounced from it. So it will be crucial support level moving forward for the stock. The stock may continue to trade in uptrend above the resistance level.

RESISTANCE SUPPORT

670 645

Hero Honda since made high of 2020, it is trading with the weak sentiments. The stock is holding strong support at 1750, below which it may continue to trade in downtrend in the short run.

RESISTANCE SUPPORT

1815 1750

Infosys in today's trading session was moving in an upward trend it was up by 2.01 %. It is now taking support at 3236 and resistance at 3299. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 3299 else below 3236 it would be in a downward trend.

RESISTANCE SUPPORT

3299 3236

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Nifty future was volatile in last trading session and was not able to sustain at higher level. If it breaks 5700 level then it may take more sharp fall. One should take position after proper break out in it. Support for Nifty Future is at 5700/5670 and Resistance is at 5885/5925 levels. The Nifty Index in last trading session witnessed sharp sell-off. It ended with losses of nearly 2% at 5751.90. On the derivatives front we have seen that the Nifty Futures prices declined along with an overall addition of open interest and decline in the cost of carry, this is an indication of shorts being built at higher levels. On the options front the OI PCR and the Volume PCR both witnessed decline. On the volatility front the Indian Volatility Index (VIX) has surged by 8.13% indicating high degree of uncertainty.

RESISTANCE: It has first resistance close to the level of 5885 & above this level the next resistance is seen near the 5925 mark.

SUPPORT: It has first support close to the level of 5700 & below this level the next support is seen near 5670 mark.

On the call options front we have seen addition of open interest at strike price of 5900 and 5800 whereas shredding of open interest was witnessed at strike price of 6200 and 6300. On the put options front we have seen addition of open interest at strike price of 5700 and 5600 whereas shredding of open interest was witnessed at strike price of 5800 and 590.

In January Series addition of open interest on the calls front is existent at strike price of 5900-6000 indicating it as resistance on the upside whereas on the put options front we can see that still maximum open interest is accumulated around strike price of 5600-5700 indicating it as immediate support zone on the downside.

Nifty Future managed its strong support of 5700 level and saw a strong recovery in last hour. It is a good sign of recovery. But one should take position after proper break out. Support for nifty future is 5700/5670 and has resistance is at 5860/5915 levels. The Nifty Index in last trading session witnessed both side movements. It tested the levels of 5700 and rebounded to give a flat close at 5754.10. On the derivatives front we have seen that the Nifty Futures prices ended flat along with the rise in the cost of carry but witnessed shredding of open interest, this is an indication that markets witnessed some amount of short covering at lower levels. On the options front we have seen that the OI PCR is trading below the level of 1 and is on decline due to shredding of open interest being seen on the put options front. On the volatility front the Indian Volatility Index (VIX) has seen some decline indicating some relief at lower levels.

RESISTANCE: It has first resistance close to the level of 5860& above this level the next resistance is seen near the 5915 mark.

SUPPORT: It has first support close to the level of 5700 & below this level the next support is seen near 5670 mark.

Bank Nifty had short covering after a sharp fall in last days, and closed near to its days high. It can take more up moves from here. One should take position after proper break out in it. Resistance for bank nifty is at 11140/11324 and support is at 10633/10565 level.

RESISTANCE: It has first resistance close to the level of 11140& above this level the next resistance is seen near the 11324 mark.

SUPPORT: It has first support close to the level of 10633 & below this level the next support is seen near 10565 marks.

Nifty future had sharp fall in Monday’s trading session and closed near to its support level. Now 5700 seems to be very crucial support level . If nifty break this level we can see some more downfall fall in it. One should take position after proper breaks out. Support for Nifty future is at 5725/5670 and Resistance is at 5860/5915. The Nifty Index in last trading session once again witnessed heavy selling pressure and ended at 5762.85 losing 2.40%. On the derivatives front we have seen that the Nifty Futures prices declined along with decline in the cost of carry but witnessed addition of open interest, this is an indication of shorts being built at higher levels.

RESISTANCE: It has first resistance close to the level of 58600& above this level the next resistance is seen near the 5915 mark.

SUPPORT: It has first support close to the level of5725& below this level the next support is seen near 5670 mark.

On the call options front we have seen addition of open interest at strike price of 5800, 5900 and 6000.

On the put options front we have seen addition of open interest at strike price of 5600, 5700 and 5800 whereas shredding of open interest was seen at strike price of 5900 and 6000.

OI Chart Analysis: From the OI Chart we can see that in January Series addition of open interest on the calls front is existent at strike price of 6000-6100 indicating it as resistance zone on the upside whereas on the put options front we have seen addition of open interest at strike price of 5600-5700 indicating it as immediate support on the downside.

Nifty future is still trading on weak note. We can see some more corrections in it in the coming trading sessions. One should adopt a strategy of selling at higher levels in Nifty Futures. Support for nifty future is at 6000/5966 and resistance is at 6150/6208 levels. Technical The Nifty Index in last trading sessions once again ended in the red territory at 6048.25 losing nearly half a percent. On the derivatives front we

have seen that the Nifty futures prices declined along with an overall addition of open interest and rise in the cost of carry, this is an indication of some longs being built at lower levels. On the options front we have seen that the OI PCR has declined to 1.24 vs. 1.31, this is mainly seen on account of addition of open interest on the call options side whereas shredding of open interest was seen on the put side. On the volatility front the Indian Volatility Index (VIX) has once again shown a rise indicating uncertainty at higher levels.

RESISTANCE: It has first resistance close to the level of 6150 & above this level the next resistance is seen near the 6208 mark.

SUPPORT: It has first support close to the level of 6000 & below this level the next support is seen near 5966 mark.

On the put options front we have seen addition of open interest at strike price of 5900 whereas shredding of open interest was seen at strike price of 6100 and 6200.

OI Chart Analysis: From the OI Chart we can see that in January Series maximum addition of open interest on the calls front is existent at strike price of 6200-6300 indicating it as immediate resistance zone on the upside whereas on the put options front we have seen addition of open interest at strike price of 6000-5900 indicating it as strong support on the downside.

Nifty future had a sharp fall in last trading session and closed on a negative note. It can take some more correction in coming trading sessions. One should adopt a strategy of sell at higher level until it sustain above 6200 level . Support for nifty future is at 6068/6041 and Resistance is at 6150/6182 level. The Nifty Index in last trading session declined more than a percent and ended at 6079.80. On the derivatives front we have seen that the Nifty Futures prices have declined along with nominal shredding of open interest but rise in the cost of carry, this is an indication of long closure at higher levels. On the options front we have seen that the OI PCR has declined to 1.31 vs. 1.37 mainly on account of shredding of open interest on the puts front. On the volatility front we have seen that the Indian Volatility Index (VIX) has shown rise of nearly 5% indicating uncertainty at higher levels.

RESISTANCE: It has first resistance close to the level of 6150 & above this level the next resistance is seen near the 6182 mark.

SUPPORT: It has first support close to the level of 6068 & below this level the next support is seen near 6014 mark.

On the call options front we have seen addition of open interest at strike price of 6100 and 6200.

On the put options front we have seen addition of open interest at strike price of 6000.

In January Series maximum addition of open interest on the calls front is existent at strike price of 6200-6300 indicating it as immediate resistance zone on the upside whereas on the put options front we have seen addition of open interest at strike price of 6000 indicating it as strong support on the downside.

Nifty Future opened with gap but was not able to sustain at higher level and closed near to its days low. If nifty future sustain above 6200 level we can see good up rally and it can test 6300 level in near term. On the down side if it break 6100 level we can see some correction in it. One should take position after proper break out in either side. Resistance for Nifty future is at 6248/6321 and it has support at 6130/6068 levels.

RESISTANCE: It has first resistance close to the level of 6248 & above this level the next resistance is seen near the 6321 mark.

SUPPORT: It has first support close to the level of 6130 & below this level the next support is seen near 6068 mark.

On the call options front we have seen addition of open interest at strike price of 6200 and 6300.

On the put options front we have seen addition of open interest at strike price of 6100.

In January Series maximum addition of open interest on the calls front is existent at strike price of 6200-6300 indicating it as immediate resistance zone on the upside whereas on the put options front addition of open interest is seen at strike price of 6100-5800 indicating it as the immediate support on the downside.

Tata motors has rallies from the support level of 1210. The stock is looking good and sustaining above the support level of 1290. So it may show some more upside movements in the coming time.

SUPPORT - 1345

RESISTANCE - 1290

Suzlon has taken support at 46 and starts moving in uptrend. The stock has strong closing in the today's session and if sustains above the resistance level of 51 then it may show some more upside in the coming time.

SUPPORT - 50

RESISTANCE -47

It is taking resistance at 1060 and support at 1040.It is looking positive in the coming trading session one can go for long position in at 1060 else below 1040 it would might face more selling pressure.

SUPPORT -1088

RESISTANCE - 1003

It is in today's trading session it was moving in an uptrend and it was down by 0.46 %. It has resistance at 1363 and support at 1295. It is looking positive in the coming trading session if it manages to trade above the resistance level of 1363 else it has support at 1295 below this level it would might face more selling pressure.

SUPPORT - 1363

RESISTANCE - 1295

The stock faced profit booking and moved with negative sentiments after gaining in yesterday's trading session. One could go for buy on dips strategy until it breaches the level of 270 in down side.

SUPPORT - 325

RESISTANCE - 270

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