Nifty has once again touched an intraday high of 3709.60 and come off from highs and closed at 3635. This is the third attempt of Nifty to break the 3720 levels but once again failed. The volatility has increased dramatically, that will increase further and will reach maximum on Friday, especially in the second half. Investors should reduce both long and short positions and can create Nifty call option/ put option according to the risk appetite.
Nifty is having support at 3534 and 3510 and resistance at 3720 and 3745.
Nifty is having support at 3534 and 3510 and resistance at 3720 and 3745.
The probability of Nifty to move above 3826 during the expiry would be around 31% and its probability to move below 3456 would be only 30.56%.
