pulled it back. Bank Nifty stayed subdued as financials underperformed. Nifty OI data shows heavy Call writing at 24600 & 24700, and Put support at 24500–24600. This suggests the market is struggling to break past 24700, while 24500 acts as a cushion. Max Pain at 24600 indicates option sellers expect expiry settlement near this level. PCR at 0.82 reflects a neutral-to-slightly bearish tone — not extreme, but suggesting upside may be limited unless new buying comes in. Bank Nifty OI shows strong Call resistance at 55500 & 56000, and Put support at 55000–55500. Max Pain at 55600 hints at sideways bias. PCR at 0.69 is low, showing more calls being sold — a sign that traders expect Bank Nifty to remain under pressure. Key Chart Levels: Nifty Resistance: R1 24700, R2 24900 Nifty Support: S1 24470, S2 24340 Bank Nifty Resistance: R1 55600, R2 55850 Bank Nifty Support: S1 55000, S2 54500 Takeaway: The market is in a consolidation phase. For Nifty, a sustained move above 24700 could open the door to 24900, but a break below 24500 might invite selling. Bank Nifty needs to reclaim 55600 for any meaningful upside; otherwise, dips toward 55000 remain possible.

#StockInNews#Today’sTradingSetup#TechnicalViews#Post-ClosingCommentary#PersonalFinance

744 likes·78 comments