Nifty closed with a meaningful gain after several days. It formed a high wave type candle, hinting at an upward correction. Support is at 24,073-24,135, and resistance at 24,567. Sustenance of this upmove is crucial. The highest OI on the call side is at 24,500 and 24,400 strike prices, while on the put side, it’s at 24,200 and 24,300.
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February 7, 2025