NIFTY Support/Resistance

2024年11月18日

The index has a mild support at 23350, below which the next support is around 22700. Given we are already in a correction territory, we won't see a recovery unless FII start buying or improved quarterly results in January. I feel this is a very similar to Oct 2021-Jan 2022 period.

2024年11月18日

交易進行

23800-24000 is a strong resistance for now. One can sell call option at this range for Nov expiry.