Nifty50 views for next few days/ weeks
Currently, Nifty is trading around 17800.
The last couple of days has been a bit of sideways creating a range from 17630 - 17940. The market could trade in this small channel sideways until it breaks this range.
As of now, the highest OI is at 18000 on the call side and at 17500 on the put side for the next week expiry. This will act as resistance and support respectively until either of them breaks.
The bigger range could be seen ranging from 17500 - 18100.
The next resistance zones shall be at 18300 followed by as high as 18600.
The next support zones shall be at 17350 followed by 17175.
The last couple of days has been a bit of sideways creating a range from 17630 - 17940. The market could trade in this small channel sideways until it breaks this range.
As of now, the highest OI is at 18000 on the call side and at 17500 on the put side for the next week expiry. This will act as resistance and support respectively until either of them breaks.
The bigger range could be seen ranging from 17500 - 18100.
The next resistance zones shall be at 18300 followed by as high as 18600.
The next support zones shall be at 17350 followed by 17175.
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