Nifty- another Day another High. What's Next?
On Expiry day yesterday, Nifty made a new high, now it seems it reaches its key resistance points.
The maximum CALL Open Interest which was at 15000 earlier, gradually shifted lower to 14900, this made sure that the Index settled below this point.
Overall, the levels of 15000 continue to hold maximum CALL OI for the coming week.
This means that the NIFTY now may face massive resistance near this point.
Today Nifty may see the levels of 14945 and 15000 acting as immediate resistance points.
The supports come in lower at 14810 and 14730.
Any consolidation or a corrective move may make the trading range wider for the day.
We request not to take advantage of leverage because greed to make more money can widen your losses.