📈 Multi Frame Charts
🗓 03 Apr 2025
📉 As the market opened Gap Down today, both Nifty and Bank Nifty have taken support from 23200 and 51000.
📊 Massive change in Put OI 🔼, higher than the change in Call Oi, indicates strong buying from lower levels .
📌 We can see a clear demarcation of Support being created in Nifty (23200) and Bank Nifty (51000). 23300 and 51500 can act as resistances 🔴 for now, as there are higher number of Calls written than Puts.
🔄 Both Indices can consolidate in this range as sellers seem to be in control of these levels. Sellers can take advantage of this range to benefit from Premium Decay 📉.
📈 Buyers can find Call Buying opportunities 🟩 at Support or Put Buying opportunities 🟥 at the Resistances being held by sellers for now. Only a break of these levels can trigger a Short Covering 🚀
📊 We can immensely benefit from live tracking of Oi Bars in the Advanced Charts for our trading decisions 🎯.
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