Market Outlook for Nifty Expiry: Key Levels & Analysis
Major Resistance 2: 23,780 – 23,820
A heavy institutional supply zone. If a massive short-covering rally triggers tomorrow afternoon, this is the ultimate target.
Immediate Resistance 1: 23,680 – 23,710
High concentration of weekly Call Open Interest (OI). Clearing this zone early will likely force aggressive short-covering from call writers.
The Expiry Pivot: 23,580
Today’s consolidation base. The golden rule for tomorrow: If Nifty holds above 23,580, the intraday bias remains firmly buy-on-dips.
Immediate Support 1: 23,480 – 23,510
Significant Put writing built up here today; this will act as the first line of defense against any morning profit-booking.
Crucial Support Floor: 23,380
The ultimate line in the sand for the bulls. A decisive break below this level shifts control entirely back to the intraday bears.
Major Resistance 2: 23,780 – 23,820
A heavy institutional supply zone. If a massive short-covering rally triggers tomorrow afternoon, this is the ultimate target.
Immediate Resistance 1: 23,680 – 23,710
High concentration of weekly Call Open Interest (OI). Clearing this zone early will likely force aggressive short-covering from call writers.
The Expiry Pivot: 23,580
Today’s consolidation base. The golden rule for tomorrow: If Nifty holds above 23,580, the intraday bias remains firmly buy-on-dips.
Immediate Support 1: 23,480 – 23,510
Significant Put writing built up here today; this will act as the first line of defense against any morning profit-booking.
Crucial Support Floor: 23,380
The ultimate line in the sand for the bulls. A decisive break below this level shifts control entirely back to the intraday bears.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.