18 June 2024

Important levels for Nifty 11th April 2023 based on charts OI and FII data analysis.

SGX Nifty is currently trading nearly 40 points up, while US markets closed in mild green.


US market preopen

US markets are trading mild green in preopen

Nifty BN FINNIFTY Levels based on chart

Nifty support at 17548 Resistance at 17694
Bank Nifty support at 40820 Resistance at 41220
FINNIFTY support 18380 resistance at 18509

Levels based on OI

Resistance at 17700 support at 17600
BN Resistance at 41000 support at 40500
FINNIFTY strong resistance at 18500 while support at 18200 minor support 18300

FII data analysis

Retails are bullish while PRO is heavily bearish and FII are neutral as they continue to cover their shorts

Markets will have limited move on upside considering FINNIFTY expiry today we can expect expiry in the range 18300-18500

Crypto markets are nearly 6% up and if Buying is seen in Dow we can see short covering lead by BN and Finnifty

Happy Trading !!!

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