A recovery is likely if the nifty stays above 17800, the day's low. On the higher end 18150 will act as resistance.
Nifty has formed a small bodied bearish candle on with long upper and lower shadow on the daily time frame, indicating the tug of war between the bulls and the brears. As long as nifty holds 17850-17900 levels, consolidation will continue in the coming session, with resistance at 18100-18200.
The data indicates that 18000 will be the crucial level to watch in the coming session, with support at 17800 strike and the resistance 18100 strike because most of call and put open interest was reflected in 18000 strike.
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Nifty has formed a small bodied bearish candle on with long upper and lower shadow on the daily time frame, indicating the tug of war between the bulls and the brears. As long as nifty holds 17850-17900 levels, consolidation will continue in the coming session, with resistance at 18100-18200.
The data indicates that 18000 will be the crucial level to watch in the coming session, with support at 17800 strike and the resistance 18100 strike because most of call and put open interest was reflected in 18000 strike.
If you like my analyse please like,follow and comment.
Thankyou.
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Premium Signals: 77% accuracy in Intraday & Positional trades for Stocks, Nifty, Bank Nifty, Gold, Silver & Crypto. Take demo & decide — most traders don’t leave after joining.
Free Demo: wa.me/919560602464
Free Telegram: spf.bio/c1lkb
Free Demo: wa.me/919560602464
Free Telegram: spf.bio/c1lkb
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.