NIFTY Facing Resistance at 15000 level which will act as good Resistance but if this resistance will Break then we can easily see 15200 Level which will act as good Resistance for this week, If nifty start moving down from 14900 then we will see 14650level which will act as good Support, if it break 14650 then 14500 will act as good Support which is a psychological level also..
Coming To Data Point:-
By Analyzing open Interest Data 14500 put has highest open interest which is more than 27 lakh and has highest change in open Interest which is more than 10 lakh contract so this will act as good Support .
14600 put also has 2nd highest Open Interest which is more than 20lakh and has more than 9 lakh change in open interest which will act as good Support
Coming To Call Side.
15000 has Highest change in Open Interest which is more than 43 lakh and has highest change in Open Interest which is more than 16lakh.
15200 has 2nd Highest open Interest which is more than 32lakh and has more than 10lakh change in open interest so this will act as a Good Resistance for this week
By Analyzing technical and Open Interest Data the Range of NIFTY for this week will be
14500-15200 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…