What the NIfty Data Points as on 18 march 2025?

What the NIFTY Data Points as on 18 march 2025 📈

Key Observations:🔍

- Spot Price & Max Pain:Spot Price: 22,508.75
- Max Pain: 22,500
- The max pain theory suggests that the price might
gravitate towards 22,500 by expiry.

Open Interest (OI) & OI Change:📊

High OI build-up at 22,500 and 22,600 strike prices.

Call writing seen at 22,600 and 22,700, indicating resistance.
Put writing seen at 22,500 and 22,400, suggesting support.

Put-Call Ratio (PCR):🔗

PCR ~ 1.08, indicating a slightly bullish to neutral sentiment.

PCR > 1 suggests that more puts are being written, which generally supports the price.

Technical Price Data:⚙📈📉

Nifty is trading at 22,510-22,515.

Resistance seen near 22,600, as call writers are active.
Support at 22,500 and 22,450, as put writers are strong.


Trading Strategy for Nifty🧠

1. Intraday Trading Plan (March 18, 2025)

Entry: Buy around 22,500-22,510 (if Nifty sustains above 22,500).
Target: 22,570-22,600 (resistance level).

Stop Loss: 22,470 (below put writers' support at 22,450).

Reasoning:

Support is strong at 22,500, backed by put writing.
Max pain is at 22,500, meaning price may stabilize or rebound from there.
PCR > 1 suggests mild bullishness.

2. Swing Trading Plan (For Next 2-3 Days)

Bullish View (If Nifty stays above 22,500):Entry: Buy around 22,500-22,520
Target: 22,650-22,700 (resistance zone).
SL: 22,450

Bearish View (If Nifty breaks below 22,500 with volume):Entry: Short below 22,490
Target: 22,400-22,350 (next put support).
SL: 22,550

Final Thoughts
The market is slightly bullish but facing resistance at 22,600.

Any break below 22,500 can trigger a fall towards 22,400-22,350.

If Nifty holds above 22,500, a rally to 22,600-22,650 is likely.