While updating NiftyFuture were trading @ 15615
After broken 15650 NF fell up to 15510 and now recovered almost 100 points from day’s low
Checking open interest data, 15700ce, 15800ce seems highest OI and PE side 15500PE seems highest OI. So considering strong support 15500 and resistance 15700 as per OI data
Let’s see technical levels, NF facing a intraday resistance 15640-15665 which is three and half hour high
If sustains above 15665 will try to move 15700. Stay caution at higher levels
NF considering a supports 15575, 15550 and 15500 (strong zone)
Don’t short at very lower levels!!
Updated: 12.20 pm / 28th July 2021
