NIFTY CONFIRM TARGETS FOR 30 JAN 2023

27 Oca 2023

Nifty Confirm Targets with Support and Resistance For Monday
Next Weekly Expiry on 02 Feb 2023


Support Zones For nifty Intraday Trading

First Support Zone For nifty50 – 17434 - 17445
Second Support Zone For nifty50 – 17348 - 17364
Third Support Zone For nifty50 – 17143 - 17161

Resistance Zones For nifty Intraday Trading

First Resistance Zone For Nifty – 17775 - 17790
Second Resistance Zone For Nifty – 17870 - 17880
Third Resistance Zone For Nifty – 18015 - 18030


Importent Signal from Nifty Option Chain

PCR ratio as per Option Chain Analysis – 0.51 ( Bearish )
Max Pain As per Option Chain Analysis – 16900
Major Support as Per Nifty Open Interest Analysis – 17350
Major Resistance as Per Nifty Open Interest Analysis – 18050

Conclusion For Monday and Next week
Today nifty Break its Major Support ( 17775 - 17790 ) and Close below it
Next Major Support For nifty is (17348 – 17364 )
Try To Buy Future Conract or Call Option Near Support Zone and Book Profit At 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 Near all time High .