Nifty Daily Chart Analysis:
On Friday, Nifty closed at 11724.10. In coming week, 11825-11840 will act as resistance and it may again slip downwards to last week support area of 11620-11640. Decisive close below 11590 will shift support to 11400-11425.
Nifty Weekly Chart Analysis
Previous 3 weeks Nifty is forming bearish candles. But last week (17-21 June) Nifty on weekly basis closed lower than previous 2 weeks. On weekly basis, resistance is at 11844 and support is 11591.
Nifty Option Pain Level 11750
On Friday, Nifty Future - Long unwinding seen.
Open Interest Built up suggests Highest call writing at 11800 and put writing at 11700.
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