manojshinde27

Nifty Trading Plan for 29 Aug 2023

NSE:NIFTY   Indice NIFTY 50
Nifty Demand and supply zones are Price levels on the Chart where the Buying and selling Pressures are Expected to be Strong and it is the top Nifty Trading Indicator for Nifty Intraday Trading

Support Zones for Nifty are as Given Below
S1- 19260
S2- 19180
S3 -19050

Resistance Zones for Nifty are as Given Below
R1- 19370
R2 -19440
R3 -19515

Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis -0.85 ( Bearish)
Max Pain As per Option Chain Analysis -19300
Major Resistance as Per Nifty Open Interest Analysis -19500
Major Support as Per Nifty Open Interest Analysis - 19000 /19300

Long Opportunity in Nifty for Intraday Trading
On Monday Nifty sustained above 19260 On tomorrow First Buying opportunity will be above 19315 Upside Targets for Nifty are 19360,19440

Nifty Short opportunity
As we Know Nifty is in a short-term Down Trend, If Not sustained below 18315 then it's a short opportunity and the target is 19180, 19050, If you want to take a short trade keep a small stop loss.

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