@rnsinwar, If we look into the Option chain 11200, 11300, 11400 is a Resistance for End on month and 10900, 11000, 11100 is a strong support, Nifty right now in Bullish mode Reason Call Unwinding started at the level of 11100.
bhalla1990
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If you change X, then you end up with a different D? what is the PRZ with X = 12159??
Tejussharma
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@bhalla1990, If i change X then PRZ D will be 0.786 - 11164, and 0.886 - 11629.67
bhalla1990
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@Tejussharma, thanks, this is more like what i was thinking, ~11200
SachinDepolkar
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How ?? Can u explain
Tejussharma
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@0e9ee375aa4f469d9fd6efe086ed03, According to Harmonics and Fibo 0.786 and 0.886 is a PRZ Potential reversal zone.