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End Of Day Nifty Technical Analysis for 24 April

Long
NSE:NIFTY   Nifty 50 Index
The End of Day analysis helps traders to understand the market sentiment and identify potential trading


Nifty Support Zones
1. 17740 - 17750
2.17815 - 17830
3 . 17900 - 17915

Nifty Resistance Zones

1. 17610 - 17620
2. 17530 - 17540
3. 17425 - 17435

Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis – 0.79 ( Bearish )
Max Pain As per Option Chain Analysis (Nifty expiry target ) – 17650
Major Resistance as Per Nifty Open Interest Analysis – 17850
Major Support as Per Nifty Open Interest Analysis – 17550

Nifty Trading Tips with Nifty Forecast

Nifty is in Up Trend ( Bull market ) trend changes below 17530
Nifty Next Up side Targets are 17750 and 18850
Nifty Down side Targets for Next week are – 17500 and 17425
Nifty May Take Support Near 50 Days Moving Average
Nifty Options Analysis – 17550 Call and 17750 put are active strike prices for next trading days

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