Nifty50 analysis(21/5/2026).NIFTY50 INTRADAY ANALYSIS:
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CPR: Wide +Descending cpr : consolidaton.
FII: -1,597.35 sold
DII: 1,968.35 bought.
Highest OI:
CALL OI: 23500 strong
PUT OI: 23700 weak
Resistance: 23800
Support : 23300
conclusion:
My pov:
1.market opens with gap up of 100 points , a wide cpr shows consolidation , if the range breaks with gaint candle we can expect a bullish trend soon.
2.price form a lower high this shows the buying pressure in the market. so a small retest before breakout or breakout with small retest is what anticipated.
3. weak put oi and strong call oi meant bullish being taking control .
4.23800 can still be the range and can be consolidate for some more days .
psychology fact:
“Waste no more time arguing about what a good man(Trader ) should be. Be one.”
― Marcus Aurelius
Notes:
8moving average ling is blue colour.
20moving average line is green colour
50moving average line is red colour.
200moving average line is black colour.
cpr is for trend analysis.
MA line is for support and resistance.
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Disclaimer:
I'm not Sebi registered so i started this as a hobby, please do your own analysis, any profit/loss you gained is not my concern. I can be wrong please do not take it seriously thank you.
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