Nifty 50 Falling Wedge Pattern Indicates Put OI Levels at 19800 and 19700, Call OI Levels at 19600 and 19500 with Top Levels at 19792, 19750, and 19710
Nifty 50 put options interest has been observed to be higher at levels 19800 and 19700, while call options interest is higher at levels 19600 and 19500. This has resulted in the observation of a falling wedge pattern on the chart. The first top level is at 19792, the second at 19750, and the third at 19710.
Traders and investors are keeping a close eye on these levels and the falling wedge pattern as it may indicate a potential trend reversal. It is important to note that further analysis and observation is necessary before making any trading decisions based on these patterns.
Key Takeaways
• Nifty 50 put options interest is higher at levels 19800 and 19700, while call options interest is higher at levels 19600 and 19500.
• A falling wedge pattern has been observed on the chart, with first, second, and third top levels at 19792, 19750, and 19710 respectively.
• Further analysis and observation is necessary before making any trading decisions based on these patterns.
