NSE:NIFTY   Nifty 50 Index
So well NIFTY is currently trading at 20068 points with

-BIG Support levels at

-Resistance levels at

The index well is near its highest resistance level that is 20228 which was actually achieved because of the G20 summit that was held in india that had crossed resistance levels at 19983.
Now looking at the RSI levels we can determine that the index has used up all its strength and energy at 82.07rsi levels which was the previous RSI resistance level. What we can conclude through this is that nifty wont be crossing nifty levels of 20228 and will start its downward journey because of lack of power it needs to be in a upward trend. Well Nifty could be seeing levels as low as 18832.75 to 19207.75.

Well for my trade in options:

-Expiry- 28 DEC
-Strike price-19550.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.