As anticipated, Nifty consolidated within a 600-point range between 24,500 and 25,100 last week, ending with a modest weekly gain of around 1%.
Volatility eased as well, with India VIX declining by 9% to close at 14.63, reflecting improved market stability.
Open Interest (OI) data indicates immediate support at 24,800, backed by the highest concentration of put writing.
Looking ahead, there is a strong possibility that Nifty may breach the 25,100 resistance level in the coming sessions, which could trigger a swift rally toward the 25,500 mark.
Volatility eased as well, with India VIX declining by 9% to close at 14.63, reflecting improved market stability.
Open Interest (OI) data indicates immediate support at 24,800, backed by the highest concentration of put writing.
Looking ahead, there is a strong possibility that Nifty may breach the 25,100 resistance level in the coming sessions, which could trigger a swift rally toward the 25,500 mark.
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🌐 goodluckcapital.com
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
🎖️ 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.