Nifty Trading Plan for Friday 25 Aug

Nifty End-of-Day Analysis Helps Traders to Understand the Nifty Sentiment and Identify Potential Trading Opportunities for the Next Trading Day

Support Zones for Nifty are as Given Below
S1- 19367
S2- 19303
S3 -19260

Resistance Zones for Nifty are as Given Below
R1- 19440
R2 -19480
R3 -19515

Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis -0.65 ( Bearish)
Max Pain As per Option Chain Analysis -19400
Major Resistance as Per Nifty Open Interest Analysis -19400 /19450
Major Support as Per Nifty Open Interest Analysis - 19300

Long Opportunity in Nifty for Intraday Trading
On Expiry Nifty CLoses at 19370 On Friday First Buying opportunity is Near 19370 Upside Targets for Nifty are 19440,19480

Nifty Short opportunity
As we Know Nifty is in a short-term Down Trend, If Not sustained below 18360 then it's a short opportunity and the target is 19260, 19180, If you want to take a short trade keep a small stop loss.

Chart PatternsTechnical IndicatorsniftyintradaylevelsniftypredictionniftytrendTrend Analysis

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