Nifty 50 At Crucial Turning Point On Expiry Day: Trade Setup For Jan 13
The benchmark Nifty 50 remains at a cautious juncture but buy on dips and sell on rallies would be the ideal strategy for day traders, according to analysts. On the charts, the index signals buying demand at lower levels from the extreme oversold territory after 900 points decline in just five sessions.
As the Indian stock market approaches the expiry day, investors are advised to stay cautious and avoid any aggressive bets. The Nifty 50 index has been under pressure, and the bears seem to be in control. However, the bulls are trying to make a comeback, and the index is expected to remain volatile.
Key Levels To Watch
The Nifty 50 technical analysis suggests that the index is facing resistance at the 18000 level, and a breakout above this level could lead to a rally towards the 18200 level. On the other hand, a breakdown below the 17800 level could lead to a decline towards the 17600 level.
Day traders are advised to buy on dips and sell on rallies, as the index is expected to remain volatile. The Bank Nifty index is also expected to remain volatile, and traders should avoid any aggressive bets.
Top Stocks In Focus
Some of the top stocks that are expected to be in focus on Jan 13 include HDFC Bank, ICICI Bank, and Axis Bank. These stocks are expected to be volatile, and traders should avoid any aggressive bets.
The Indian stock market news is expected to be driven by the expiry day, and traders should stay cautious. The Nifty 50 expiry day strategy should be to buy on dips and sell on rallies, as the index is expected to remain volatile.
Market Outlook
The Indian stock market outlook remains cautious, and traders should avoid any aggressive bets. The Nifty 50 technical outlook suggests that the index is facing resistance at the 18000 level, and a breakout above this level could lead to a rally towards the 18200 level.
Traders are advised to stay cautious and avoid any aggressive bets. The stock market tips for Jan 13 include buying on dips and selling on rallies, as the index is expected to remain volatile. The Nifty 50 trading strategies should be to buy on dips and sell on rallies, as the index is expected to remain volatile.
Conclusion
In conclusion, the Nifty 50 remains at a cautious juncture, and traders should avoid any aggressive bets. The Nifty 50 investing strategies should be to buy on dips and sell on rallies, as the index is expected to remain volatile. Traders should stay cautious and avoid any aggressive bets, and the stock market analysis suggests that the index is facing resistance at the 18000 level.
