FINNIFTY Expiry Day Intraday Prediction for Today, 16th July 2024:- Nifty Fin Services moved more than 0.40 percentage on yesterday to close at 23691 price levels, which is 0.37 percentage upside. We all know that today is the Fin Nifty Service expiry and we are going to do the intraday analysis and which are the major levels to watch for the day.
FINNIFTY latest Chart Analysis for Expiry Day, 16th July 2024
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| FINNIFTY latest Chart Analysis for Expiry Day, 16th July 2024 |
Here we are going to do chart analysis in hourly time frame in Trading View platform. From the above given Chart, we can see the Major Resistance levels are 23725 to 23770. These resistance levels was posted it in our previous post, and still remains same.
So, what is the probability for Today's expiry day? Where it can expire. If Market open Gap up above the mentioned Resistance level, then market can give a bullish movement and can move towards 23900, 23990, 24040 levels.
If Fin Nifty open Gap down or flat below the mentioned Resistance levels, then we can expect a fall towards 23570, 23490 and worst possible towards 23400 support area.
If we look in to the option chain Data, we can see Put OI is more in 23500, which can act as a good support. Based on above analysis we can expect expiry can be above 23500 price levels.
Conclusion
So, we have seen the Major Support and resistance levels for Nifty Fin Services. Also we have done intraday expiry prediction and possible outcomes. Finally we have concluded the Expiry may be above 23500 based on the option data too. Join our Telegram to get the Realtime updates. Also visit again for More Trading related Tip and tricks.
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