Finance Nifty Daily Levels Update For Option Day Trading

finifty Price Action Trading Strategy with Option Chain Signals for Trading 05 May 2023


FINNIFTY SUPPORT LEVELS FOR TRADING
S1 - 19315- 30
S2 - 19245 –55
S3 - 119165-75

FINNIFTY RESISTANCE LEVELS FOR TRADING
R1 - 19470 -82
R2 - 19517 -500
R3 - 18617- 600

finnifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis 1.37 ( Bullish )
Max Pain As per Option Chain Analysis - 19200
Major Resistance as Per Nifty Open Interest Analysis- 18500
Major Support as Per Nifty Open Interest Analysis - 18200


Trading Plan for finnifty Call Side / Long Side -
Take Long Position / Buy CALL Above 18520
Stoploss - 15 min Candle Closes Below 18500

Trading Plan for finnifty PUT Side /Short Side
Take Short Position or Buy Put Below 18470
Stoploss - 15 min Candle Closes Below 18500