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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Open Interest Analysis for 5th Aug 2021

As per Option Chain it looks like People created Straddle at 15800 Max call Oi is at 16000 which will act as a resistance Max put oi is at 15500 which may act as a support As per chart you can see 15500 and 16000 acting as a support and resistance Nifty may likely to trade between 15400 to 16200 in next week

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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