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$ For The Trade $

$ For The Trade $

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Support at 23000 only

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Open interest data

It made a bearish engulfing candle and closes below its 6 days range, it can go further down now

As shared the view earlier, buying is only above the range of 23400, yesterday it opened above 23400 but not sustained and closed below

NIFTY ANALYSIS

Yesterday was very volatile day, Nifty down by 1.37% and bank nifty down 1.37%

Good morning, all

Let’s see what happens in the market today

For short term nifty can go up but to trade we have to wait to close above the range

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PCR is 0.97 around ATM and overall- which is bullish

Resistance at 23500 and 23600

Support at 23300

lots of put addition at 23000 and 23200

Open interest data

If Nifty closes above the range then we can look for short term bullish trades

NIFTY ANALYSIS

Yesterday KOTAK BANK was up more than 8% which lead to upside in both index

Nifty is still in the range and on the other hand bank nifty shot up