August 17, 2020

NIFTY support and resistance levels

- today nifty traded in a very small range

- trading range was well within the body of Friday's red bar

- key support and resistance levels are as shown in the 15 min chart

- note there has been very heavy supply around 11400 levels

- this is also reflected in option writing levels

- support is developing around 11000

- option writers are bullish this will not break this month

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