Expiry ki Baat @ 14/11/2024
· Nifty has broken a momentum support level placed at 23950 below which we expect corrective/consolidative phase
· Sustenance below 23800 can take the Nifty to 23400/23000 levels
· In the Index options space, FII and PRO are net short
· Options chain - OI concentration in Nifty is at 24000CE and 23300/23000PE
· Immediate resistance level is seen at 24000
· Nifty has broken a momentum support level placed at 23950 below which we expect corrective/consolidative phase
· Sustenance below 23800 can take the Nifty to 23400/23000 levels
· In the Index options space, FII and PRO are net short
· Options chain - OI concentration in Nifty is at 24000CE and 23300/23000PE
· Immediate resistance level is seen at 24000