Hello Traders!
Nifty Future Support and Resistance levels for 24th May,2021 based on Option Open Interest Data.
Maximum CE writing as per change in CE Lots are at 15500CE strike, also there is a Supply Quasimodo Power Pattern at that point. So 15500 will be a strong resistance for next week.
But market is strong can break the supply and move up side.
Note: Like previous day (22-05-2021) if price open Gap Up above any Resistance then that will act as support. & vice versa.
Thank you
Trade safe and be safe
Nifty Future Support and Resistance levels for 24th May,2021 based on Option Open Interest Data.
Maximum CE writing as per change in CE Lots are at 15500CE strike, also there is a Supply Quasimodo Power Pattern at that point. So 15500 will be a strong resistance for next week.
But market is strong can break the supply and move up side.
Note: Like previous day (22-05-2021) if price open Gap Up above any Resistance then that will act as support. & vice versa.
Thank you
Trade safe and be safe
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