Watch Nifty Movement with technical (charts collections)





Maximum open interest in put option is 7500(4,721,600), still maintain this level after nifty 5 days continue fall. 7300 put option is next highest OI (4,587,900).

Nifty spot currently trades in good support range band (7500 -7300) level.

As per hourly chart nifty spot important key resistance level is 7500 -7515.

Nifty spot if close (Hourly) above the key resistance then we may see some good short covering rally.

Perhaps nifty spot if did not cross and holds above the key resistance then next big sell-off possible,
next downside target may be 7200 level.
 

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