End Of Day Nifty Technical Analysis for 24 April

22 Nis 2023

The End of Day analysis helps traders to understand the market sentiment and identify potential trading


Nifty Support Zones
1. 17740 - 17750
2.17815 - 17830
3 . 17900 - 17915

Nifty Resistance Zones

1. 17610 - 17620
2. 17530 - 17540
3. 17425 - 17435

Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis – 0.79 ( Bearish )
Max Pain As per Option Chain Analysis (Nifty expiry target ) – 17650
Major Resistance as Per Nifty Open Interest Analysis – 17850
Major Support as Per Nifty Open Interest Analysis – 17550

Nifty Trading Tips with Nifty Forecast

Nifty is in Up Trend ( Bull market ) trend changes below 17530
Nifty Next Up side Targets are 17750 and 18850
Nifty Down side Targets for Next week are – 17500 and 17425
Nifty May Take Support Near 50 Days Moving Average
Nifty Options Analysis – 17550 Call and 17750 put are active strike prices for next trading days