NIFTY Facing Resistance at 15000 level which will act as good Resistance, If nifty start moving down from 14600 then we will see 14250level which will act as good Support, if it break 14250 then 14000 will act as good Support which is a psychological level also,
Overall I m having little bearish to Sideways View…
Coming To Data Point:-
By Analyzing open Interest Data 14000 put has highest open interest which is more than 30 lakh and has highest change in open Interest which is more than 5 lakh contract so this will act as good Support .
Coming To Call Side.
15000 has Highest change in Open Interest which is more than 35 lakh and has highest change in Open Interest which is more than 9lakh so this will act as a Good Resistance for this week.
Coming To PCR Value which is 1.03 that suggest market can be sideways only.
By Analyzing technical and Open Interest Data the Range of NIFTY for this week will be
14000-15000 this is the extreme Range for this week, expecting closing in between this Only..
This Is Just for educational purposes you should also analyze your view if it’s matching with this then You can go for It…