How to trade in Nifty Tomorrow Nifty Prediction by Price Action Trading Strategy
Nifty Support for Intraday - 23530 - 23550 , 23450 23430 , 23290-23330
Nifty Resistance For Intraday - 23730 - 23750 , 23780 -23790 , 23830-23850
Nifty Intraday Trading Setup
Keep eyes on Nifty 23700 CE and Nifty 23700 PE
If Nifty Moves Towards 23500 then NIFTY JAN 23700 CE (LTP- 92) target will be 130.-150
If Nifty Moves Towards 23800 then NIFTY JAN 23700 PE (LTP- 87 ) target will be 125 -145
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis – 1.10 ( Bullish)
Max Pain As per Option Chain Analysis – 23600
Major Resistance as Per Nifty Open Interest Analysis – 23850
Major Support as Per Nifty Open Interest Analysis – 23450
The market has a slightly positive bias based on the current PCR and open interest. However, with max pain and key resistance near **23,850**, there are moderate bearish possibilities.
key strike Prices for Nifty Tomorrow
- Bullish above 23,850
- Bearish below 23,700
Overall, the market is **neutral to mildly bearish**.
