nifty weekly analysis for 28/4/23 - My view
Below is my view on nifty for the coming week (28/4/23)
On closure 15min chart is on support at 50SMA and 1day chart is on levels @ 200 SMA.
Although the strong support of17580-85 was broken intraday, bulls managed to claw back and hang in for a flat closure.
17700 has huge Call OI and hence is unlikely to break above this expiry. the action will be mostly around 17600 levels where in the call and put OI are neck to neck.
on daily basis market is now sideways and consolidating at 17500-17700 levels.
Key levels levels to watch out for in the coming week are
17676/700/767/812 on upside
17585/17550/530/512/500/450 on down side
On closure 15min chart is on support at 50SMA and 1day chart is on levels @ 200 SMA.
Although the strong support of17580-85 was broken intraday, bulls managed to claw back and hang in for a flat closure.
17700 has huge Call OI and hence is unlikely to break above this expiry. the action will be mostly around 17600 levels where in the call and put OI are neck to neck.
on daily basis market is now sideways and consolidating at 17500-17700 levels.
Key levels levels to watch out for in the coming week are
17676/700/767/812 on upside
17585/17550/530/512/500/450 on down side
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