Nifty Trading Tip to Start Your Day

We are going to let you know the Nifty trading tip for the day which will help you analyse the market from a trader's perspective. To start trading one needs to see the left side of the chart which means you need to see the action which has taken place at the previous day.

Yesterday the market opened flat followed by a rally in the first half followed by profit booking in the second half. We expect that today's opening will be flat tracking the global cues. 

Nifty Spot View: 30/11/2022
Cmp: 18618.05
Support & Downside Range: 18599—18550 zone, 18470--18406
Resistance & Upside Range: 18680--18737
Short-Term Trend Reversal Level: -- 18129

Nifty - Current Expiry - Critical Option Analytics Data
Strongest Support	Strengthening Support	PCR	MaxPain	Strengthening Resistance	Strongest Resistance
18600	18600	1.13691	18600	18700	18700

Max pain during the day for Nifty shifted from 18600 to 18700 and it is likely we may hit 18800 in futures on expiry day i.e. Thursday.

Nifty Trading Tip

Trading View: Intraday bias remains bullish till nifty is trading above 18599 spot levels below 18599 bias remains sideways till 18550 and below 18550 we may see a cooling off rally till minimum 18470 and max 18406 spot levels whereas upside till nifty trading above 18599 spots it can again try to move towards 18680—18737 spot levels, below 18599 spot option writers gets active to eat premium of 18600, 18550, 18500 strikes call and put of this weekly expiry.

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