NIFTY SUPPORT AND RESISTANCE FOR F&O DAY TRADING
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 17434 - 17445
Second Support Zone For nifty50 – 17348 - 17364
Third Support Zone For nifty50 – 17143 - 17161
Resistance Zones For nifty Intraday Trading
First Resistance Zone For Nifty – 17656 - 17668
Second Resistance Zone For Nifty – 17775 - 17790
Third Resistance Zone For Nifty – 17935 - 17950
Importent Signal from Nifty Option Chain
PCR ratio as per Option Chain Analysis – 0.78 ( Bearish )
Max Pain As per Option Chain Analysis – 17650
Major Support as Per Nifty Open Interest Analysis – 17350
Major Resistance as Per Nifty Open Interest Analysis – 18000
Conclusion -
Nifty in consolidation zone , Wait for Breakout
Try To Buy Future Conract or Call Option Near Support Zone and Book Profit At Rsistance Zone
Try to Short nifty at every Resistaance and Book Profit Near Support Zone
Adani Group issue is Major Concern for Market now .
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 17434 - 17445
Second Support Zone For nifty50 – 17348 - 17364
Third Support Zone For nifty50 – 17143 - 17161
Resistance Zones For nifty Intraday Trading
First Resistance Zone For Nifty – 17656 - 17668
Second Resistance Zone For Nifty – 17775 - 17790
Third Resistance Zone For Nifty – 17935 - 17950
Importent Signal from Nifty Option Chain
PCR ratio as per Option Chain Analysis – 0.78 ( Bearish )
Max Pain As per Option Chain Analysis – 17650
Major Support as Per Nifty Open Interest Analysis – 17350
Major Resistance as Per Nifty Open Interest Analysis – 18000
Conclusion -
Nifty in consolidation zone , Wait for Breakout
Try To Buy Future Conract or Call Option Near Support Zone and Book Profit At Rsistance Zone
Try to Short nifty at every Resistaance and Book Profit Near Support Zone
Adani Group issue is Major Concern for Market now .