Nifty daily chart levels for 25/07/2022
Dear traders, I have identified Nifty level based on my analysis, major support and resistance level. Please note that I am not a SEBI registered member. Information shared for educational purpose.
17000 (Highest OI on Call side)
16800 level is very critical level (Nifty previous high of 16793 on 03/06/2022)
16500 level (Highest OI on Put side)
I am expecting Nifty to consolidate in the zone of 16500 to 17000 for next few days before taking any directional move.
Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
17000 (Highest OI on Call side)
16800 level is very critical level (Nifty previous high of 16793 on 03/06/2022)
16500 level (Highest OI on Put side)
I am expecting Nifty to consolidate in the zone of 16500 to 17000 for next few days before taking any directional move.
Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
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