NIFTY CONFIRM TARGETS FOR 27 JAN 2023

Nifty Confirm Targets with Support and Resistance For Friday

Next Weekly Expiry on 02 Feb 2023

Support Zones For nifty Intraday Trading

First Support Zone For nifty50 – 17870- 17880
Second Support Zone For nifty50 – 17775 - 17790
Third Support Zone For nifty50 – 17650 - 17660

Resistance Zones For nifty Intraday Trading

First Resistance Zone For Nifty – 18015 - 18030
Second Resistance Zone For Nifty – 18074 - 18080
Third Resistance Zone For Nifty – 18170 - 17180

Importent Signal from Nifty Option Chain

PCR ratio as per Option Chain Analysis – 0.51 ( Bearish )
Max Pain As per Option Chain Analysis – 17950
Major Support as Per Nifty Open Interest Analysis – 17500
Major Resistance as Per Nifty Open Interest Analysis – 18050

Conclusion -
nifty Given Down Side Movement to monthly expiry mostly on Monthly expiry Market move donside
As per Our Conclusion nifty moves towards its Major Support if This Support will break , then Next major Support for Banknifty will be
17450 - 17500
Try To Buy Future Conract or Call Option Near Support Zone and Pur Near Resistance Zone as well as Book Profit At Support & Rsistance Zone
Try to Short nifty at every Resistaance and Book Profit Near Support Zone
Expecting Big Moves in Near Budget 2023 Prepraion is Going on .
Gold Future Contract Reaches Near All Time High