Nifty Trading Plan with Buy and Sell Signal

10 มิ.ย. 2023

The Nifty End of week Analysis to Understand the Nifty sentiment and Identify Potential Trading Opportunities for Next Trading Day .


Nifty Demand and supply zones are Price levels on Chart where the Buying and selling Pressures are Expected to be Strong and it is top Nifty Trading Indicator for Nifty Intraday Trading

Support Zones for Nifty are as Given Below
S1-18535
S2-18484
S3 -18445
S4 - 18400

Resistance Zones for Nifty are as Given Below
R1- 18590
R2 -18640
R3 -18670


Nifty Trend Signal From Open Interest Analysis

PCR ratio as per Option Chain Analysis -0.65 ( Bearish)
Max Pain As per Option Chain Analysis -18600
Major Resistance as Per Nifty Open Interest Analysis -18700
Major Support as Per Nifty Open Interest Analysis - 18400

Nifty is in Bearish Mood from Last Two Days , RBI pollicy is one of the reasone and Russia Ukrain condition is also global reason .

Nifty Long Opportunity tomorrow in Intraday Trading -
If Nifty Sustain Above 18540 then its Good Buying Opprtunity and Next Buying Opprutunity is Near Support 18500 and 18445 .

Nifty Short opportunity tomorrow in Intraday Trading -
As nifty is in Short term Down Trend , so we can take short trade near Resistance If Nifty not break Resistance of 18640 then its Good shorting Opprtunity and Next shorting Opprutunity is Near Support 18670 if Sustain above these resistance then dont short .

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