NIFTY CONFIRM TARGETS FOR 04JAN 2023

Nifty One Hour Chart Analysis For Intraday Fuure & Option Trading


Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 18164 - 18174
Second Support Zone For nifty50 – 18065 - 18080
Third Support Zone For nifty50 – 17970 - 17985

Resistance Zones For Nifty50 Intraday Trading
First Resistance Zone For Nifty – 18290- 18300
Second Resistance Zone For Nifty – 18376 - 18386
Third Resistance Zone For Nifty – 18445 - 18455

Importent Signal from Nifty Option Chain
PCR ratio as per Option Chain Analysis –0.96 ( Bearish )
Max Pain As per Option Chain Analysis – 18050
Major Support as Per Nifty Open Interest Analysis – 18000
Major Resistance as Per Nifty Open Interest Analysis – 18200