Tech View: Nifty looks confused after 3-day rally. Here’s what traders should do on Wednesday

November 7, 2023

At the higher levels, the market could encounter strong resistance around 19500-19600 levels in the short term. Immediate support is placed at 19320 levels, said Nagaraj Shetti of HDFC Securities. On the derivative front, the strike of 19500 saw the highest call open interest (OI) while the strikes of 19450 saw the addition of the highest call OI indicating immediate resistance.

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