Good morning friends 

today its Wednesday 8th February, 2023.

In the India Marketview given yesterday mentioned 2 numbers - 17863 as resistance and 17710 as support.

Usually my numbers respect either spot or the future levels - future high was 17864 and future low was 17703 both returned 150 and 100 + respectively.

41000 ce above 615/643 made 696 initially and once it crossed 570 from below hit 716.

Dow jones after a long long time hit my target 1 34231 - made 34240 yesterday and closed below. For any further bullishness need a close above 34231 on daily and 34580 on weekly basis for dow jones.

Adani enterprises from the day before yesterday hit 4 upper circuits and holding 1795 expecting 2800 fpo levels soon.

I expect reliance to support nifty and hdfc bank to prop up banknifty today. 

Its been a while where biggies make money buying banknifty options and writing nifty options - once BOTH shoot up or move 1.5%  and 2% respectively - within morning session  expect nifty writers to become buyers and short covering rally.

Nifty spot levels for today support at 17710

 t1 17783
t2 17863
t3 17927
t4 18010

Banknifty 41000 ce inspite of cracking more than 60% from swing high oi was coming down consistently and has come into buy mode in higher timeframe.

holding 600 expect 715/886/1120 and if 1315 hours closes above 1120 further short covering  possible too for 41000 ce

Keep the levels and write down the numbers to trade at the edge with the edge to succeed.

Succeed soon and we will meet on top.

Wish you ALL SUCCESS.

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