Nifty Market Analysis and Strategy

Sep 17, 2024

Post Market Analysis Studio

Nifty Back Testing

  • Nifty selection and expiry date: September 19 to September 27
  • Time: At 9:30 AM
  • Key Figures:
    • Resistance: 25,400
    • Support: 25,400
    • OI Change: 350
    • Volume: 90%

Market Pattern

  • At 9:30:
    • Resistance is visible at 25,400
    • Percentage of OI Change is decreasing from 100%
    • Positive relationship between Volume and OI Change
  • At 9:51:
    • Strong resistance
    • Stability in Volume and OI Change

Trading Strategy

  • At 11:21:
    • Both support and resistance are strong
    • Suggestion to trade in call options
  • At 12:03 and 12:33:
    • Weakness in OI but support and resistance are strong
    • Stability in the market, no major movement

Final Conclusion

  • The market went slightly down at the end of the day
  • No major movement throughout the day, remained in a range of 20-30 points
  • No significant change observed due to OI Change and Volume.