Nifty Update for 08th October 2021
index has been seen trading in a narrow range with volatility. 17,800 to 17,900 is a 100 point no trading zone and also an indecision point.
Consider a buying position above 17,900 for the upside targets of 17,950 and 18,000.
18,000 will act as a resistance as it is a psychological level.
Below 17,800 Index can fall till 17,700 as it is a dynamic support.
We may see a range bound session as there is not much room on either side for Intraday.
Trade setup
==============
Key support is: 17,700
Key Resistance is: 18,000
High probability of a sideways market today. Use your trading sense to trade.
Trade Accordingly!
Consider a buying position above 17,900 for the upside targets of 17,950 and 18,000.
18,000 will act as a resistance as it is a psychological level.
Below 17,800 Index can fall till 17,700 as it is a dynamic support.
We may see a range bound session as there is not much room on either side for Intraday.
Trade setup
==============
Key support is: 17,700
Key Resistance is: 18,000
High probability of a sideways market today. Use your trading sense to trade.
Trade Accordingly!
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Youtube: youtube.com/c/CodeViser
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