swapnilchoksi

Nifty Outlook - 02-05-19

NSE:NIFTY   Nifty 50 Index
Micros:-
Crud: Crud is trading below $75.60. Its a good sign for the equity market. Maybe cred price range will be $ 70.50 to $75.5 for few days.
Currency: "The currency was not able to sustain above $70. $69.80 is a critical level for currency, below this level I have a bearish view. However, it is a positive sign of currency.

Pivot Table
NIFTY FUT:-
Resistance 2: 1907.15
Resistance 1: 1849.35
Pivot Point: 11780.7
Support 1: 11722.9
Support 2: 1654.25


Strick Call Writing Put Writing
11600 129675 1701675
11700 1241925 1781700
11800 2481825 214575
11900 1944075 50475


Bottom Line:-
According to The Data:-
According to OI dada Nifty First support at 10700 ( Put writing OI- 1781700) and Major Resistance at 10800 (Call writing OI-2481825)
"According to Technical Chart:-
"
"According to the chart, NF range will be 10650 to 10770. Big Move can expcted only above or below this range

"
"Aggressive traders can play in this range. Buy NF near 11670-11680 Stoploss 11650. Sell NF near 11850-11870 with a stop loss of 10800.
"
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