vyas1394

Nifty view and levels for 24/06/2021

NSE:NIFTY   Nifty 50 Index
NIFTY
Important levels for nifty are marked on the charts on a 15min close basis.
15630-15632 will be a very important support for nifty on a 15min/1hr close basis. this level is 61.8% retracement os the previous upside rally and it is a good price action support.
On the upside 15773 on a 15min close basis will be a important resistance. SLs of short sellers will be above this range . a 15min close above this level can take market to 15800 easily.
15800 has max OI on call side
15600 has max OI on put side
straddles likely at 15700 with 100rs premium which again shows 15600-15800 will be the range.
european markets were down and American markets are trading flat currently.
Tomorrow monthly expiry plus reliance agm irrational moves are possible.
This is my personal view on the market.

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