Nifty Prediction Tomorrow 04 Aug 2022

Disclaimer!

This is not a buying or selling recommendation you have to analysis market yourself before taking trades you will be solely responsible for your profits and losses. All info mentioned here is just for educational purpose only.

1. If Positive Movementum 

If we see the positive  momentum then 17400 and 17500 will act as resistance.

2. If Negative Movementum 

If we see the Negative  momentum then 17300 and 12100 will act as support.

3. Buying Opportunity

If price gives  breakout above the 17406 then there will be buying opportunity for you.

4. Selling Opportunity

If price gives breakdown below the 17343  then there will be selling opportunity for you.

5. No Trading Zone

If price gets sideways or move between  17406 and 17343 then you should avoid the trading or take scalping trades only.

6. Resistance Levels

If market shows positive momentum then following are the resistance levels according to the pivot points: 17423 17492 17544

7. Support Levels

If market shows negative momentum then following are the support levels according to the pivot points: 17317 17251 17209

8. Option Chain Call OI

As per the option chain Call OI important resistance build up by call writers at: 17500 – 85.4 lakhs call writing 17600 – 77.3 lakhs call writing

9. Option Chain Put OI

As per the option chain Put OI important supports build up by put writers at: 17300 – 72.9 lakhs put writing 17200 – 73.9 lakhs put writing