Nifty Confirm Target Apr2024

Nifty Chart Analysis with Support and Resistance

Nifty Supports
Nifty Support 1 - 22530
Nifty Support 2 - 22230
Nifty Support 3 - 22180

Nifty Resistance
Nifty Resistance 1 - 22680
Nifty Resistance 2 - 22780
Nifty Resistance 3 - 22880

Nifty Trend Signal From Open Interest Analysis

PCR ratio as per Option Chain Analysis - 0.91 ( Bullish)
Max Pain As per Option Chain Analysis - 22650
Major Resistance as Per Nifty Open Interest Analysis - 23000
Major Support as Per Nifty Open Interest Analysis - 22500

Long Opportunity in Nifty Trading
As we Know Nifty in up trend but at All time High
This week First Buying opportunity will be above 22530 / 22430

Short opportunity in Nifty Trading
If nifty Sustain below 22680/22780 then try to Short nifty or buy nifty Put option Contract keep a small stop loss