Nifty Confirm Target for Monday

Possible Trade in Nifty future & Option

Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 17445 - 17460
Second Support Zone For nifty50 – 17348 - 17365
Third Support Zone For nifty50 – 17143 - 17160


Resistance Zones For nifty Intraday Trading
First Resistance Zone For Nifty – 17535 - 17545
Second Resistance Zone For Nifty – 17635 - 17650
Third Resistance Zone For Nifty – 17722 - 17736

Nifty Option Chain Analysis
PCR ratio as per Option Chain Analysis – 0.59 ( Bearish )
Max Pain As per Option Chain Analysis – 17600 Nifty Expiry Target 02 March 2023
Major Resistance as Per Nifty Open Interest Analysis – 17350
Major Support as Per Nifty Open Interest Analysis – 17800

News that effect on Nifty 50 Index Trading
Ericsson to lay off 8,500 employees, says memo News by Economic times
$8.31 billion – Biggest weekly fall in Forex Reserve of India , its biggest in last 11 Months .
3,200 cr loss for LIC so far…’: Mahua Moitra’s jab on Adani stocks’ report news by Hindustan times