Daily chart , Nifty is trading above all EMA’s
But at the same time it is facing resistance near by 17950, but if it will cross 17950 then we can see upmove upto 18100 and the support for this week we can say near by 20EMa which is near by 17600
So from the chart we can say that nifty can trade between 17600 to 18100.
According to Option Chain Analysis ;
17800 Has the Highest OI which is near by 64 lakh and has Change in Open Interest near by 21 lakh
17700 Has the 2nd Highest open interest which is near by 56lakh and has Change in Open Interest near by 21 lakh
Coming to Call side;
18000 Has highest open interest which is near by 71lakh and has Change in Open interest near by 28lakh
18200 Has 2nd highest open interest which is near by 50lakh and has Change is open interest which is near by 25 lakh .
By Using Chart Analysis and open interest Analysis
We can say that nifty Can move in Range between 17600- 18200
This Is just for educational purpose so if you want to trade then make your own Analysis also if it match with us then you can go for it