TRADE PLAN FOR TODAY
Bearish to Sideways.
If the market opens and sustains above the supply zone of 24,610.Wait for a re-test of the 24,600 level for long entry.
If the market opens and breaks below the demand zone of 24,480.Wait for a pullback to re-test the 24,500 for short entry.
If the market opens and trades between 24,510 and 24,580.This is a no-trade zone. The market is likely to be choppy as both strong Call and Put writers are active at 24600 and 24500 respectively. Wait for a clear breakout on either side.
Bearish to Sideways.
If the market opens and sustains above the supply zone of 24,610.Wait for a re-test of the 24,600 level for long entry.
If the market opens and breaks below the demand zone of 24,480.Wait for a pullback to re-test the 24,500 for short entry.
If the market opens and trades between 24,510 and 24,580.This is a no-trade zone. The market is likely to be choppy as both strong Call and Put writers are active at 24600 and 24500 respectively. Wait for a clear breakout on either side.
FIIs: Intensified their selling pressure significantly, with a heavy net outflow of -₹3,856.51 Cr.
DIIs: Countered this with immense force, deploying a massive +₹6,920.34 Cr in net buying.
Net Flow: The sheer power of domestic buying absorbed all the FII selling and resulted in a very strong net market inflow of +₹3,063.83 Cr.
DIIs: Countered this with immense force, deploying a massive +₹6,920.34 Cr in net buying.
Net Flow: The sheer power of domestic buying absorbed all the FII selling and resulted in a very strong net market inflow of +₹3,063.83 Cr.