NIFTY VIEW 23MARCH22

1.CANDLESTICK
1HR CHART BEARISH DIVERGENCE FORMED

2.FUT DATA
Change in OI -2.55% Long Unwinding
Change in OI +5.47% Short Buildup (Bank Nifty)

3.Option Chain Analysis
Weekly Bearish
Heavy Call writing & Put writers Unwinding

Monthly Bearish
17000 Strong Support

Support 17,200 / 17,050 / 16,930

Nifty Closing Below 17,050 on 1 HR Chart we can see fast Momentum Downside.

Note Closing above 17,360 will make this Short setup Void.

Trade active:

NIFTY 1HR CLOSING BELOW 17,090 CAN SEE MASSIVE MOVE DOWNSIDE.
NEW STOPLOSS 17,210.

Trade closed: target reached

Trade closed manually