Three consecutive red candles on a daily chart; Indices are in pressure


Same situation repeated in yesterday’s trading session too. FII’s sold more than 1600cr value of stocks. Nifty futures made a high of 15876.20 and slipped, finally settled around 15752.15.

Now, what to expect???

Nifty future has support at 15730 and resistance at 15880–16930.

Break and sustain below 15730 will take it to 15675—15630 levels or else it could test its resistance level of 15790—15830—15880 again.

Be cautious in the range of 15880—15930 levels. Breakout in Nifty futures above 16000 levels only.

Bank Nifty futures unable to breach its resistance level of 35500 and slipped; Be cautious on expiry day

On the other hand, Bank Nifty futures is facing crucial resistance at 35500 levels. It unable to breach its resistance level of 35500 and slipped. Finally, bank nifty futures settled around 34937.55.

Fresh upside rally we will see on a close above 35500 only or else it could test its support level of 34800 again.

More and more downside panic we will see on a close below 34800 mark. Downside supports are 34500—33850.

Till then traders can trade safely as per levels given above. More we will update during market hours.

NiftyHighest CE OI at 15900 followed by 15800, PCR 0.90, Maximum Pain 15700
Bank NiftyHighest CE OI at 35000 followed by 35500, PCR 0.61, Maximum Pain 35100


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