Technical Analysis for Nifty 50 Tomorrow **Technical Analysis for Nifty 50 Tomorrow**
**Support and Resistance Levels**
* **Support:** 19600
* **Resistance:** 19700, 19750, 19800
**Option Open Interest**
* **Support:** 19600/19500 Huge PE Writer
* **Resistance:** 19700/19750/19800 Huge CE Writer
**Overall Outlook**
The Nifty 50 is expected to be rangebound tomorrow, with support at 19600 and resistance at 19700, 19750, and 19800. The option open interest suggests that there is strong support at 19600 and strong resistance at 19700/19750/19800.
**Key Points**
* The Nifty 50 has been trading in a range of 19600-19800 for the past few days.
* There is strong support at 19600 and strong resistance at 19700, 19750, and 19800.
* The option open interest suggests that there is strong support at 19600 and strong resistance at 19700/19750/19800.
**Trading Strategy**
Traders can go long on the Nifty 50 if it breaks through the 19800 resistance level. However, they should place a stop loss below the 19600 support level. Traders can also go short on the Nifty 50 if it falls below the 19600 support level. However, they should place a stop loss above the 19700 resistance level.
**Disclaimer**
This is not a financial advice. Please do your own research before making any trading decisions.
