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. 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
Nifty MAX OI :
CALL side highest OI at 17000 (1.13 Crore), 2nd highest OI at 16900 (69 Lakhs) then at 16800 (60.92 Lakhs). Call writing happened at 16900 level. In case of Gap up, traders may unwind 16900 Call which may further trigger rally upto 16900. Tomorrow's opening & trend will be set based on outcome of US FED meeting tonight. I wish a profitable day to all traders and investors.
Nifty MAX OI :
CALL side highest OI at 17000 (1.13 Crore), 2nd highest OI at 16900 (69 Lakhs) then at 16800 (60.92 Lakhs). Call writing happened at 16900 level. In case of Gap up, traders may unwind 16900 Call which may further trigger rally upto 16900. Tomorrow's opening & trend will be set based on outcome of US FED meeting tonight. I wish a profitable day to all traders and investors.