Nifty 50 Support & Resistance — How We Calculate
Our support and resistance levels are calculated using the Standard Pivot Point formula based on previous day's OHLC data. These levels help intraday traders identify key price zones for entry/exit decisions.
Pivot = (High + Low + Close) / 3. R1, R2, R3 and S1, S2, S3 are derived from this pivot. Bank Nifty follows a similar calculation with its own OHLC data.
Market Outlook & Analysis
Monitor global cues from US markets (Dow Jones, S&P 500, Nasdaq), SGX Nifty futures, and commodity prices (crude oil, gold) before the Indian market opens. FII and DII activity data from NSE provides insight into institutional sentiment. Positive FII inflows generally support bullish Nifty movement.