The INdex is trading in a range near its resistance zone. The INdex took a Support at 16500 level which pulled the market near 17400 levels, for further move the Index has to trade above 17480, once the index is able to trade above the mentioned level we can expect nifty to trade near 17800 levels.

The Index is trading in a fixed range well as RSI is indicating a downward trend. Index closing below 16980 would be a good opportunity to sell the Index for 16750-500 level in current market scenario buying at the money call can be a great strategy to work.

Nifty 50

Mar 26 2022