Nifty 50
Closing: 14942.35
Charts
Support: 14771.45 / 14697.70
Resistance: 14952
DEMA
Support: 14837 / 14747.09 / 14673.96
Open Interest
14800ce: 9,30,000 (-10,46,325) - Highest call writing here which makes it a very crutial level.
--------
15000ce: 34,08,075 - Strong resistance / 1st target
15200ce: 38,32,500 - Final target
14800pe: 28,24,575 - 1st support (crutial level)
14700pe: 26,52,300 - Can enter into long positions from this level
14500pe: 34,42,950 - Strong support / stop loss
Should open around 14800. Risk to reward ratio in this case is very good.
***Buy on dips for target of 15000 to 15200.
Closing: 14942.35
Charts
Support: 14771.45 / 14697.70
Resistance: 14952
DEMA
Support: 14837 / 14747.09 / 14673.96
Open Interest
14800ce: 9,30,000 (-10,46,325) - Highest call writing here which makes it a very crutial level.
--------
15000ce: 34,08,075 - Strong resistance / 1st target
15200ce: 38,32,500 - Final target
14800pe: 28,24,575 - 1st support (crutial level)
14700pe: 26,52,300 - Can enter into long positions from this level
14500pe: 34,42,950 - Strong support / stop loss
Should open around 14800. Risk to reward ratio in this case is very good.
***Buy on dips for target of 15000 to 15200.