Nifty50 Support & Resistance by One Hour Chart Analysis

24 Mar 2023

Nifty Price Action strategies for Future & Option trading

Nifty 17100 call & Put Possible Target
17000 CAll Targets – 127
17000 PUT Targets – 185 / 215

Support Zones For nifty Intraday Trading

First Support Zone For nifty50 – 16860 - 16880
Second Support Zone For nifty50 – 16730- 16750
Third Support Zone For nifty50 – 16600 - 16615

Resistance Zones For nifty Intraday Trading

First Resistance Zone For Nifty – 17015 - 17030
Second Resistance Zone For Nifty – 17110 - 17120
Third Resistance Zone For Nifty – 17185 - 17200

Nifty Option Chain Analysis Conclusion for Trading
PCR ratio as per Option Chain Analysis – 0.90 ( Bearish )
Max Pain As per Option Chain Analysis – 17100 –Nifty expiry target
Major Resistance as Per Nifty Open Interest Analysis – 17200
Major Support as Per Nifty Open Interest Analysis – 16700