Nifty prediction For 23 July 2021

Nifty currently trading at 15824

Nifty may trade between 15700 to 15900 as on 23 july 2021

People created 15800 short straddle as per Option Chain data

as you can see from the chart there is a strong resistance at 15900 and support at 15700

As per global data US Futures are slightly higher

SGX Nifty is also positive

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My Top Five Indian Companies to Invest

1. TCS 2. RELIANCE 3. ICICIBANK 4. HINDUSTAN UNILEVER 5. SUNPHARMA As you can see i have chosen top companies from Nifty 50, and best from their sectors it contains a Bank stock, IT Stock, FMCG Stock, and a Pharma Stock Start your sip and invest in them forever As well as invest in NIFTYBEES which is an ETF, Basically it is an Index Fund which contains all 50 stocks of nifty.

Option Chain Analysis

Weekly Option Chain End Of Day Data for 23 July 2021 Nifty spot at - 15856 Short Covering from 15500 to 15750, due to which market moved higher People are shorting calls above 16000 Nearest Support at 15800 and Resistance at 15900 and 16000 Nifty likely to trade between 15500 to 16100 in next week i.e 29 July 2021

SBIN Analysis for 13 Aug 2021

If open positive wait for retest then go long at 427 to 427.8, SL at 424 Target 429.5, as it may be difficult to cross 430 due to heavy Call Writing at 430 But if crosses 430 then short covering it may go higher till 432 and if open negative then wait to see price action if breaks trend line, then wait for retest then short and it may fall till 422

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