The Nifty 50 climbed to the 20-day EMA (22,666) after a month but coul….

The Nifty 50 climbed to the 20-day EMA (22,666) after a month but could not hold onto the level due to selling pressure at higher levels. The market breadth was significantly in favour of the bears amid weak global cues. The chart pattern also signals some negativity, but confirmation will be seen in the following session. If the index decisively breaks 22,400, the 22,250 level (the low of March 6) is the one to watch on the downside. On the upside, however, the index is expected to face resistance at 22,650-22,700 zone. Above this, the22,900-23,000 range is the likely target zone, experts said. Here are 15 data points we have collated to help you spot profitable trades: 1) Key Levels For The Bank Nifty (48,217) 2) Nifty Call Options Data According to the weekly options data, the maximum Call open interest was seen at the 23,000 strike (with 1.25 crore contracts). This level can act as a key resistance for the Nifty in the short term. It was followed by 23,500 strike (1.06 crore contracts) and 22,700 strike (95.91 lakh contracts)

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