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Analysis for Newbie's

Analysis for Newbie's

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For people who are learning to trade.

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Nifty - resistance at 23000 - 23050 and support at 22850 zone.
Nifty - resistance at 23000 - 23050 and support at 22850 zone.

OI build-up in 22700 is reducing, and CE OI at 22800 is increasing.
OI build-up in 22700 is reducing, and CE OI at 22800 is increasing.

Nifty has strong support at 22700 and resistance at 22800.
Nifty has strong support at 22700 and resistance at 22800.

22380 done. The next level will be tested in a few days.
22380 done. The next level will be tested in a few days.

Nifty levels are marked in the chart.
Nifty levels are marked in the chart.

Nifty is moving within yesterday's range. Trend strength is weak.
Nifty is moving within yesterday's range. Trend strength is weak.

Nifty is testing the upper zone.
Nifty is testing the upper zone.

Nifty can move within the range of 22500 to 22750.
Nifty can move within the range of 22500 to 22750.

Sensex - forming a range between 72900 and 73500.
Sensex - forming a range between 72900 and 73500.

That was a fast movement. Next support for Nifty is at 22600 zone.
That was a fast movement. Next support for Nifty is at 22600 zone.

Auropharma T3 done. Published yesterday in TradingView.😍
Auropharma T3 done. Published yesterday in TradingView.😍

Nifty - marked the next support in the chart.
Nifty - marked the next support in the chart.

Nifty can move towards 22850 - 22900 zone.

Nifty - unable to break the resistance zone at 23140.
Nifty - unable to break the resistance zone at 23140.