Nifty began the month on a subdued note, registering a net weekly loss of 176.80 points (-0.69%). Market volatility also eased, with the India VIX declining by 0.59% to 12.31, indicating reduced trader anxiety.
From a technical standpoint, an immediate resistance zone has developed between 25,500 and 25,650, while a key support range lies between 25,200 and 25,300.
Open Interest (OI) data adds weight to these levels, with a significant build-up of call writing at 25,500 suggesting strong resistance, and put writing at 25,200 indicating solid support.
Looking ahead, Nifty is expected to remain range-bound between these two zones unless a decisive breakout or breakdown occurs.
From a technical standpoint, an immediate resistance zone has developed between 25,500 and 25,650, while a key support range lies between 25,200 and 25,300.
Open Interest (OI) data adds weight to these levels, with a significant build-up of call writing at 25,500 suggesting strong resistance, and put writing at 25,200 indicating solid support.
Looking ahead, Nifty is expected to remain range-bound between these two zones unless a decisive breakout or breakdown occurs.
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🌐 goodluckcapital.com
🎖️ SEBI registered INH300006582
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🎖️ NSE certified professionals
📈 Trading and Investment Advice
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🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
Related publications
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.