On the weekly front, the maximum Call OI is placed at 19800 and then towards 20000 strikes while the maximum Put OI is placed at 19600 and then towards 19700 strikes.
Tech View: Nifty flashes bearish signals, immediate resistance at 23k. How to trade on Tuesday
Nifty’s short-term trend remains negative, with support at 22,700-22,650 levels (38.2% Fibonacci retracement) and resistance at 23,000, according to Nagaraj Shetti of HDFC Securities. Open