Nifty Important levels for Monday 30.05.22
Here are some important levels for nifty for 30.05.22- for 15 minute time frame nifty is bullish. Key resistance will be at 16431, 16553 and 16647 level if sustain the same trend. Major support level will be at 16320 and 16217. Minor support will depend on opening of that particular day. With any positive price action above 16320 crossing PDH, we can go for bullish trade. CPR will be comparatively narrow (.22%). For bearish trade we have to wait for nifty to cross bottom of the CPR at 16295, but will have to be careful about minor supports which will depend upon reversal point only. If nifty crosses 16111 level then the trend will totally converted to bearish
Major open interest build-up was there at 16300 level in both put and call side and in put side major OI is noticed at 16000 level also.
According to vix at the closing time nifty range for Monday is 217
Major open interest build-up was there at 16300 level in both put and call side and in put side major OI is noticed at 16000 level also.
According to vix at the closing time nifty range for Monday is 217
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