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$ For The Trade $

$ For The Trade $

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The overall outlook remains similar to yesterday; in the short term, a bounce is possible, and the market may stay choppy

PCR is 0.9 around ATM and 0.7 overall, which is neutral to bullish

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Open interest data

Support at 23200 and resistance at 23300 and 23500

For short term it looks nifty can go, also if you see the oi data 23200 has support and oi is increased at the strike but long entries should be taken only after market closes above 23350-23400 range

NIFTY ANALYSIS

As shared the view in yesterday, morning market remain choppy whole day and both the index made indecision candle

Nifty was up 0.16% and bank nifty was up 0.05% yesterday

Good morning, all

Let’s see what happens in the market today

If nifty and bank nifty sustain above then we can look for short term bullish trades

Overall nifty and bank nifty is in downtrend and FII’s are selling continuously, this week there is results of reliance, axis bank and Infosys so market can remain choppy until then

As per OI 23200 is support and 23500 is resistance

PCR is 0.93 around ATM and 0.8 overall which is slightly bullish

photo content

Open interest data

Nifty made an uncertain candle yesterday and it is still bearish

NIFTY ANALYSIS

As shared the view in yesterday morning, bank nifty can go up and it was up 1.43%