Nifty Trend Analysis for 20th April

Nifty Technically strong support 14246 and strong resistance level 14440. its hang between this level. Nifty Positional Breakout Level is 14520.

nifty pivot

Nifty Pivot Level Today

Nifty close above Pivot Point level its 14311 & closing Price is14359.

Strong Resistance as per pivot 14431.

Strong Support level as pivot 14239.

Nifty Technical Levels Analysis

nifty level
nifty Intraday Levels

as per Nifty Volatility Level analysis Intraday Strong Up side Resistance level is 14440 and Down side Support 14278. if Nifty Cross 14525 level in intraday trading session strong pull back rally will come its continue buying process till 14660-14710 level. but if down side move below 14191 level then bear will hammering and move strong down side till 14090.

Nifty Data Analysis

  • Nifty 20 days Moving Average strong Resistance level 14643 .
  • Nifty RSI 42.43 its Strong Support RSI level is 40.
  • Nifty Fall and OI -6% down its signal to strong up side move.
  • Nifty Close in premium point its also favor of bulls.

Nifty Option Analysis

  • Nifty 14500 call oi 25.90 Lakh
  • Nifty 14500 Put Oi 9.36 Lakh.
  • Nifty 14200 Put OI 27.49 Lakh.

As per Option Analysis Strong support 14200 and Resistance level above 14500. Strong OI Develop this level.

As per previous analysis I had told nifty strong support 14440 its required closing below minimum 2 days for bears. if Nifty close below today 14440 then down side move will continues.

Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict SL. Please also read the detailed Disclaimer mentioned in the left side of Blog.

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