Nifty50 analysis(20/5/2026).

NIFTY50 INTRADAY ANALYSIS:
----------------------------------------------------------------------------------------------------------------------

CPR: narrow + ascending cpr : trending.


FII: -2,457.49 sold
DII: 3,801.68 bought.

Highest OI: too soon to tell
CALL OI: nil

PUT OI: nil

Resistance: 23800
Support : 23300


conclusion:

My pov:
1.market opens with gap down of 150-170 points , the range clearly works , today a trending day .
2.50ma(red one) clearly rejects the price , you can see its not sloping up, that is good reason not to expect bullish .

3. we can continue the bearish point of view till 8ma(blue line) being closed and cross.because the fall is big so it can trend and break 23300 in the future days

4.comment your opinion , where do you expect market for the next expiry.



psychology fact:

"If you don't like something, change it. If you can't change it, change the way you think about it." — Mary Engelbach

Notes:
8moving average ling is blue colour.
20moving average line is  green colour
50moving average line is red colour.
200moving average line is black colour.

cpr is for trend analysis.
MA line is for support and resistance.

**********************************************************************************************************************
Disclaimer:
I'm not Sebi registered so i started this as a hobby, please do your own analysis, any profit/loss you gained is not my concern. I can be wrong please do not take it seriously thank you.

**********************************************************************************************************************