Nifty

Gann Method

Nifty

Buy:-

Above 9687, Targets – 9720, 9750

Sell:-

Below 9638, Targets – 9610, 9540

Fibonacci Analysis

Nifty Fibb

Demand Zone – 9550

Supply Zone – 9680

Support – 9510

Breakout Point – Above 9685

Option Chain Analysis

PUTS:-

Highest Open Interest – 9500 PE

Highest Volume – 9600 PE

CALLS:-

Highest Open Interest – 9700 CE

Highest Volume – 9700 CE

Verdict

Overall trend remains UP.

Nifty may see resistance near 9700 but has made a strong base near 9500-9600 levels. Trading can be seen in a narrow range. Breakout on the upside can be seen above 9685-9700. Nifty is weak below 9600. Break below 9500 can see a downward breakout.