Nifty Analysis For Intraday Trading 16 january 2023

Nifty One Hour Chart Analysis For Intraday Fuure & Option Trading

Support Zones For nifty Intraday Trading

First Support Zone For nifty50 – 17910 - 17920
Second Support Zone For nifty50 – 17880 - 17870
Third Support Zone For nifty50 – 17775 - 17790

Resistance Zones For Nifty50 Intraday Trading

First Resistance Zone For Nifty – 18015 - 18000
Second Resistance Zone For Nifty – 18120- 18130
Third Resistance Zone For Nifty – 18180- 18170


Importent Signal from Nifty Option Chain

PCR ratio as per Option Chain Analysis – 0.88 ( Bearish/ Near to Bullish )
Max Pain As per Option Chain Analysis – 17950
Major Support as Per Nifty Open Interest Analysis – 18300
Major Resistance as Per Nifty Open Interest Analysis – 17750