NIFTY Uptrend is expected to continue, however, Highest OI is buildup which will act as major resistance on weekly Option expiry day and if the resistance is broken then -
The upward movement may lead to 24300 – 24350 resistance range and if the index crosses and sustains above this level then may reach near 24550 – 24600 range.
On the contrary, a downward moment may drag the Index to 23900 – 23850 support range in downward momentum and if this support is broken then index may tank near 23650 – 23600 range.
Trade closed: target reached
Open flat and made high near 24135 then tank to low near 23785 with close near 23825.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.