Finnifty Support Resistance for Trading

24 Mar 2023

Finance Nifty Price Action Trading Strategy

Finnifty Next Support Zones for Long Trade 

First Support Zone For Finnifty -       17588 - 17602
Second Support Zone For Finnifty –   17430 - 17445
Third Support Zone For Finnifty –     17237 - 17256

Finnifty Next Resistance Zones for Short Trade 

First Resistance Zone For Finnifty –     17700 - 17715
Second Resistance Zone For Finnifty –  17835 - 17851
Third Resistance Zone For Finnifty –      17915 - 17930


Importent Signal from finnifty Option Chain Analysis
PCR ratio as per Option Chain Analysis – 0.77  ( Bearish )
Max Pain as per Option Chain Analysis –     17700
Major Resistance as Per finnifty Open Interest Analysis –  18050
Major Support as Per finnifty Open Interest Analysis    –    17250

How to Trade in Finnifty Monday
Today Down side Movement in Finnifty as well as in Nifty and Banknifty
Buy 17700 CE If sustain above Support Zone - 17590 - 17615 , Stoploss if any 15 min Candle Close Below 17590
Short FINNIFTY / Buy 17700 PUT  if any One Hour Candle Closes Below 17590 Target 17500 Stoploss if any Candle Close above 17615