#MarketToday After a selloff on budget day, #Nifty is trying to take some support from lower levels. Based on Current OI data, 11700 & 11600 are acting as an immediate support levels and 11900 & 12000 are acting as resistance.⠀
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Today we can see huge PUT writing on 11700, 11750 & 11800, which indicates that the market is trying to take some support from lower levels. ⠀
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Max pain is at 11800, giving the Expiry level.⠀
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Keep following OI and change in OI for further levels.⠀
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If we talk about #banknifty 30000 -30500 is the range for this weekly expiry. We can see huge OI buildup on PUT side indication huge PUT writing on the lower level which is giving some support from lower levels.⠀
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Max Pain is at 30200. Keep tracking this level!