UNDERSTANDING NIFTY FUTURE LEVELS AND TRADES FOR 18.06.2021 ON THE BASIS OF SUPPORT AND RESISTANCE.
understanding trades through support and resistance.
understanding nifty option trades for 16.06.2021.
NIFTY RANGE AS PER OPTION OI BUILDUPS ON 20TH MAY 2021 RESISTANCE : 15000CE HAS 25,443 LOTS AND AT 15000PE 9,299 LOTS 15100CE HAS 20,065 LOTS STANDING AND 15100PE -535 LOTS IF YOU ASK ME, THESE TWO IS GOING TO BE THE STRONG RESISTANCE FOR TOMORROW SUPPORT : 14700PE HAS 6,829 LOTS AND 14700CE HAS NEGATIVE LOTS WHICH WILL ACT AS MINOR SUPPORT 14600PE HAS 6,760 LOTS...
As long as it stays above this, I'm bullish. If price closes below on a weekly bases, my view for nifty turns bearish.