NIFTY WEEKLY ANALYSIS
According To Monthly Chart till now Nifty form a Bullish candle but having a Strong Resistance at 11600 Level on the monthly chart Coming to Weekly chart Nifty is taking Resistance at 11250 Level once this level break then again we can see move up to 11450 Level but if nifty consolidate and started falling down then we can see 10880 levels as A Strong Support on Weekly chart Coming to Daily Nifty is Trading above all moving average that is Bullish only but having a Resistance at 10250 Level once it breaks upside then we can see10450 Level but if nifty start falling down so according to Support Level And Fibonacci level 10830 Level has a much strong Support
Option Chain Analysis:-
Coming to Call Side:-
11200 Level has maximum Open Interest which is more than 26lakh with a change in Open Interest more than 6.5 lakh so This will act as Strong Resistance If This Level will break then we have
11500 level which has more than 38lakh Open Interest with the addition of more than 4.5lakh contract, so This will act as Strong Resistance

Coming To Put Side Data:-
11000 Level has maximum Open Interest which is more than 43lakh with a change in Open Interest more than 5lakh so This Level will act as Strong Support once this will break then we have 10800 Level has maximum Open Interest which is more than 25lakh with the addition of more than 5 lakh contract so This will act as Strong Support.
Coming To PCR Value 1.48 which indicates consolidation phase or slightly bullish.
Conclusion:-
According To Option Chain And technical analysis having an Extreme range for nifty which is 10800-11500.
This week I’m not having much Bullish View Expecting Nifty to consolidate within this range only
Hope This Analysis Will help you for next week trade pls do your research also before taking any trade
Thank you
Research By,
Mr. Suraj Kaushal