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NIFTY INTRADAY LEVELS FOR 01/07/2024BUY ABOVE - 24160 SL - 24100 TARGETS - 24280,24380,24480 SELL BELOW - 24010 SL - 24100 TARGETS - 23900,23800,23740 NO TRADE ZONE - 24010 to 24160 Previous Day High - 24160 Previous Day Low - 24010 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
ALERT - Indigenously developed Nuclear Submarine heading NEindigenously developed Nuclear Submarine " Pattern " - by Reliance Industries - is Heading NE Targets Locked and Loaded 1st Target - 32* N, 10*E (Rs. 3,210) 2nd Target - 35*N, 25*E (Rs. 3,525) 3rd Target - 40*N, 20*E (Rs. 4,020) 4rd Target - 48*N, 28*E (Rs. 4,828) Sorry folks - When I saw this pattern - I couldn't just control myself and came up with this Prank 🤣😆😄🤩 Anyways, Reliance Industries has broken out of a Box Pattern and is ready for a Blast
NSE:RELIANCELong
by Stocks-n-Trends
Nifty Short, Medium & Long Term view 1Jul-24 to Jul-24Nifty Short, Medium & Long Term view 1Jul-24 to Jul-24 Nifty closed at 23010 (23501) and touched low & high of 23351-24170 Post Election and govt formation market sustained above k5ey resistance at for two weeks after a dip to 21286. RSI and stochastics levels was marginally down last week (68.5 % & 90% Respectively). Stochastic still in overbought levels. Retain the statement for almost a month, Market need to cross 24150 as two trend line resistance ( Shown in the Chart), one with low risk can book partial profit and can wait for market to correct to reinvest. Market depends on the new budget and Q1 results expected in Jul 24. Market have high potential to touch Psychological 25000 Mark. Nifty 24010- Short term (Neutral ) Nifty have resistance at 24280/ support around 22600. Nifty at PE 22.9 crossed 3 year historical average 22.5 hence to be cautious. Short term support 22600( trendline), 22200 ( Trend Line) and 21700 Trend line Support as shown in the chart. Medium term resistance 24280 ( Trendline and % of difference between Mar 23 low and Sep 23 high low from Sep23 high shown as vertical line) medium term Support - 22000 Long Term Nifty have strong resistance at 25000 ( Trend Line). If market close above 24150 decisively. Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). All Companies so far posted average results other than Bank & Finance stocks which posted Good results thats why it is evident Nifty Bank have grown better than Nifty, Nifty IT and Nifty Auto in last 2 months. Nifty bank 52342 (51661)- As proposed from 47250 level nifty bank jumped more than 10%. Caution to be emphasised as nifty bank reached critical resistance. It need to cross and move up decisively this current zone. Slowly Can consider to book partial profits in Nifty Bank on every rise. Investment decision in Nifty bank, bank stocks helped in portfolio. Stock Picking is needed at this crucial nifty, Nifty Bank, Nifty auto, Nifty Pharma stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank ,ICICI Bank, HDFC Bank, SBI ( Buy on dip) and Indus Ind Bank ( Buy on dip). Following Finance Stocks can be added as it posted good results are Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Coforge & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Comments : Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT 36157 (35086), indices broke the Major support at 33350 and went down upto 32420. Tech stocks revived in last two trading session. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 35786 ( Fib) to reach 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks.
NSE:NIFTY
by karthikss
NIFTY INTRADAY LEVELS FOR 28 JUNE 2024BUY ABOVE - 24100 SL - 24010 TARGETS - 24200,24280,24380 SELL BELOW - 24010 SL - 24100 TARGETS - 23900,23800,23740 NO TRADE ZONE - 24010 to 24100 Previous Day High - 24100 Previous Day Low - 23800 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty Important Levels and Trade Plan - 27 JuneKey Levels: 23,890: Major resistance, strong selling pressure observed. 23,750: Intermediate resistance, potential for minor pullbacks. 23,660: Crucial support, frequently tested during pullbacks. 23,600: Strong support, potential base for upward movement. Please note: These levels are intended for intraday trading only. Disclaimer: All information provided is for educational purposes only. We are not SEBI registered. Please consult a SEBI registered financial advisor for your financial matters before making any investment decisions. We are not responsible for any profit or loss incurred. We appreciate your support and engagement. Please like, comment, and follow to provide encouragement. Happy trading! 👍
NSE:NIFTY
by piswingtraders
NIFTY INTRADAY LEVELS FOR 27 JUNE 2024BUY ABOVE - 23890 SL - 23840 TARGETS - 24000,24080,24150 SELL BELOW - 23800 SL - 23840 TARGETS - 23750,23700,23660 NO TRADE ZONE - 23800 to 23890 Previous Day High - 23890 Previous Day Low - 23660 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY : Trading Levels and Plan for 27-Jun-2024Here is a detailed trading plan for NIFTY Index on 27-Jun-2024 considering various opening scenarios. The plan includes steps for Gap Up, Flat, and Gap Down openings. **Scenario 1: Gap Up Opening (100+ points)** **Initial Action:** Monitor the price action and volume around the important resistance zone at 23,925.00 - 23,885.55. **Profit Booking Zone:** If the price sustains above 24,105.00, look for opportunities to book profits. **Resistance Rejection:** If the price faces rejection from the resistance zone (23,925.00 - 23,885.55), expect a pullback towards the opening support at 23,703.00 - 23,682.00. **Support Confirmation:** If the price holds above the opening support zone, consider entering long positions with a target towards the resistance zone again. **Breakdown:** If the price breaks below 23,682.00, expect a further decline towards the last support of the current trend at 23,610.00 - 23,584.00. **Scenario 2: Flat Opening** **Initial Action:** Observe the price action and volume in the sideways and profit booking range (23,885.55 - 23,801.49). **Breakout Entry:** If the price breaks above 23,925.00 with strong volume, enter long positions targeting the profit booking zone (24,105.00 - 24,151.00). **Range Trading:** If the price remains in the sideways range (23,885.55 - 23,801.49), consider scalping opportunities within this range. **Support Test:** If the price drops towards the opening support (23,703.00 - 23,682.00), look for a reversal signal to enter long positions. **Breakdown:** If the price falls below 23,682.00, expect a move towards the last support of the current trend at 23,610.00 - 23,584.00. **Scenario 3: Gap Down Opening (100+ points)** **Initial Action:** Evaluate the price action and volume around the opening support at 23,703.00 - 23,682.00. **Support Reversal:** If the price finds support and reverses from this zone, consider entering long positions targeting the sideways range at 23,801.49. **Breakdown Continuation:** If the price fails to hold the support and breaks below 23,682.00, prepare for a further decline towards the last support of the current trend at 23,610.00 - 23,584.00. **Extended Support:** In case of further weakness, watch the extended support zone at 23,559.00 for potential reversal opportunities. **Recovery Signal:** If a recovery signal appears above the last support zone, consider entering long positions targeting the opening support again. **Summary and Conclusion** For 24-Jun-2024, closely monitor the key levels and price action for potential trading opportunities. In case of a gap up opening, watch the resistance zone and look for profit booking opportunities. For a flat opening, trade within the sideways range and look for breakout or breakdown signals. In the event of a gap down opening, focus on the support levels for potential reversals or continuation patterns. **Disclaimer:** I am not a SEBI registered analyst. This plan is for educational purposes only and not an investment advice. Always conduct your own research and consult with a professional financial advisor before making any trading decisions. Good luck with your trading on 27-Jun-2024!
NSE:NIFTYShort
by LiveTradingBox
NIFTY INTRADAY LEVELS FOR 26 JUNE 2024BUY ABOVE - 23750 SL - 23700 TARGETS - 23800,23870,23930 SELL BELOW - 23700 SL - 23750 TARGETS - 23660,23610,23570 NO TRADE ZONE - 23700 to 23750 Previous Day High - 23750 Previous Day Low - 23570 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANKNIFTY - Trading Levels and Plan for 26-Jun-2024Considering the chart and various opening scenarios, the following detailed trading plan is formulated for the Nifty Bank Index on 26-Jun-2024. The trading strategies are based on three opening scenarios: Gap Up, Flat, and Gap Down, with a gap opening threshold of 150+ points. Gap Up Opening (150+ points): If Nifty Bank Index opens above 52,800: - Wait for a pullback towards the "Sideways / No Trade Zone" around 52,670. If the index holds this level, initiate a long position. - Target 53,082 initially, followed by 53,260 and 53,492 (Profit Booking Zone). - Place a stop loss below 52,670. If the index opens between 52,670 and 53,000: - Look for a retracement towards 52,670 and observe price action. If support is confirmed, enter a long position. - Target the profit booking zone at 53,082 and 53,260. - Stop loss should be placed below 52,441. Avoid entering trades directly at the opening and wait for confirmation of support or resistance levels. Flat Opening: If the Nifty Bank Index opens around 52,630: - Monitor the price movement in the first 15-30 minutes. - If the index moves above 52,670 and sustains, enter a long position targeting 53,082 and 53,260. - Stop loss can be set at 52,441. If the index drops below 52,441 after the opening: - Look for a shorting opportunity targeting 52,292 and 52,178 (Buyers Support at BoS). - Stop loss should be placed above 52,670. Avoid trading within the "Sideways / No Trade Zone" until a clear direction is established. Gap Down Opening (150+ points): If the Nifty Bank Index opens below 52,441: - Wait for a pullback towards 52,441. If the index faces resistance, initiate a short position. - Target 52,292 and 52,178, followed by 52,059 (Buyers Support at BoS). - Place a stop loss above 52,670. If the index opens between 52,178 and 52,441: - Look for a retest of 52,178. If support holds, consider a long position. - Target 52,441 and 52,630. - Stop loss should be placed below 52,059. Avoid entering trades directly at the opening and wait for confirmation of support or resistance levels. Summary and Conclusion: The trading plan for 26-Jun-2024 focuses on key levels of 52,670 (Sideways / No Trade Zone), 52,441, and 52,178 (Buyers Support at BoS). For a Gap Up opening, the strategy is to look for long opportunities after a pullback to support levels, targeting the profit booking zone. For a Flat opening, monitoring the initial price action is crucial before taking positions. For a Gap Down opening, the approach is to look for shorting opportunities on resistance levels and target the support zones. Disclaimer: I am not a SEBI registered analyst. The above analysis is based on personal observations and is for educational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:BANKNIFTY
by LiveTradingBox
Nifty Intraday (26-06-2024)Price Levels: The Nifty is trading at 23,721.90, with the high and low for the session being 23,754.15 and 23,715.30, respectively. Exponential Moving Average (EMA): A 20-period EMA is plotted on the chart with a value of 23,656.26. Support and Resistance Levels: The chart displays several horizontal lines indicating key levels: 23,731.65 23,665.85 23,570.05 23,385.50 Trading Signals: Buy Signal: "Buy Above 23,750; Target Open for 24,000" indicated by a green arrow pointing upward. Sell Signal: "Sell Below 23,665; Target 23,500" indicated by a red arrow pointing downward. The chart is likely used for intraday trading strategies, providing specific levels to enter buy or sell positions based on the Nifty 50's price movements.
NSE:NIFTY
by Praveenmor7
NIFTY - High probability Correction ahead..!!!The move testing the highs of 21st JUN is about to conclude, following which the correction begins in one larger degree. the trendlines & supports can be seen in the charts Important points of support will be, SI - 22,665 SII - 22,535 to hold temporarily SIII - 22,130 ~ 21,830 SL - Any higher moves beyond 23,750 PS: The correction has equally arguable alternate probabilities, to be exact 2. 1. The correction from 20MAR'23 (16,828 levels) - A LP Outcome 2. The Possibility of an extending triangle - meager probable outcome. *The discussed outcome is highly probable among all these. However, the data from the market's forthcoming sessions are mandatory for confirming the same - to eradicate the alternatives!!! Short positions can be taken from 23,690 ~ 23,700 levels Trade Accordingly.
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
NIFTY - A clear Swing correctionAs mentioned before the logic remains valid for today. the market is expected to inch higher to the levels mentioned below & after which the correction progresses. The levels RI - 23,526 (1.382 FE) R II - 23,580 ~ 23,598 (TL (mid) Intersection - very strong); a SHORT trade here is rewarding!!! RIII - 23,636 (1.414 FE); highly unlikely to be tested in this move SL: Any surge above 23,640 will make the trade void (however, the confidence is so strong that this will not be the case). TP: will be updated in succeeding posts(the presence of ambiguity due to 2 possibilities, progression in correction will help to sort it out!). Trade accordingly
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
NIFTY INTRADAY LEVELS FOR 25 JUNE 2024BUY ABOVE - 23580 SL - 23500 TARGETS - 23650,23730,23800 SELL BELOW - 23500 SL - 23580 TARGETS - 23430,23370,23300 NO TRADE ZONE - 23500 to 23580 Previous Day High - 23580 Previous Day Low - 23370 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Banknifty Intraday (25-06-2024)Bank Nifty 15-Minute Intraday Chart for 25 June Key Levels: Buy Above 51,824: Target: 52,000+ Indicates a bullish signal if the price breaks above 51,824. Sell Below 51,550: Target: 51,250+ Indicates a bearish signal if the price drops below 51,550. Observations: -The chart includes a 20-period Exponential Moving Average (EMA), marked at 51,626.06. -Current price: 51,709.65 (as of the chart time). -Resistance Level: 51,817.85. -Support Levels: 51,287.35 and 50,253.95. Trading Strategy: Buy Strategy: -Enter a long position if the price breaks above 51,824. -Target a move to at least 52,000 or higher. Sell Strategy: -Enter a short position if the price drops below 51,550. -Target a move to at least 51,250 or lower. This concise overview can help traders quickly understand the important levels and potential trade opportunities for Bank Nifty on 25 June.
NSE:BANKNIFTY
by Praveenmor7
Nifty Intraday (25-06-2024)The chart you've provided is a 15-minute intraday chart for the Nifty 50 Index. Here are the key details and levels: Key Levels and Zones: No Trade Zone: Marked in purple, indicating a range where trading is not recommended. Buy Above 23560: Target 23650+. Sell Below 23500: Target 23385. Observations: -The chart includes a 20-period Exponential Moving Average (EMA). -Support and resistance levels are clearly marked: -Resistance at 23,632.10. -Support at 23,432.10 and 23,336.35. Trading Strategy: Buy Strategy: -Enter a long position if the price breaks above 23,560. -Target a move to at least 23,650 or higher. Sell Strategy: -Enter a short position if the price breaks below 23,500. - Target a move to at least 23,385. If you need further analysis or another specific task related to this chart, feel free to ask!
NSE:NIFTY
by Praveenmor7
NIFTY INTRADAY LEVELS FOR 24/06/2024BUY ABOVE - 23500 SL - 23430 TARGETS - 23580,23650,23730 SELL BELOW - 23430 SL - 23500 TARGETS - 23370,23300,23230 NO TRADE ZONE - 23430 to 23500 Previous Day High - 23650 Previous Day Low - 23430 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - [/b ]All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty Short, Medium & Long Term view 24-Jun-24 to 28-Jun-24Nifty Short, Medium & Long Term view 24-Jun-24 to 28-Jun-24 Nifty closed at 23501 (23465) and touched low & high of 23417 & 23660 Post Election and govt formation market sustained above key resistance at 23250-23300 for two weeks after a dip to 21286. RSI and stochastics levels was marginally down last week (60 % & 91% Respectively). Stochastic still in overbought levels. Retain the statement for third week, Market need to cross 23900-24100 as two trend line resistance ( Shown in the Chart between 23900 and 24100), if not can book partial profit and can wait for market to correct as there is a strong resistance in that zone. Nifty 23501- Short term (Neutral ) Nifty might move up and It may touch 23900. Nifty still have resistance / support around 22600. Nifty at PE 22.3 near to 3 year historical average 22.5 hence to be cautious. Short term support 22600( trendline), 22200 ( Trend Line) and 21700 Trend line Support as shown in the chart. Medium term resistance 24000/24100 ( Trendline) medium term Support - 21300 Long Term Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) & Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Nifty also have resistance at 25000 ( Trend Line). If market close above 24000 decisively. All Companies so far posted average results other than Bank & Finance stocks which posted Good results thats why it is evident Nifty Bank have grown better than Nifty, Nifty IT and Nifty Auto in last 2 months. Nifty bank 51955 (50000)- As proposed from 47250 level nifty bank jumped near to 10%. Caution to be emphasised as nifty bank reached critical resistance. It need to cross and move up decisively this current zone. Slowly Can consider to book partial profits in Nifty Bank on every rise. Investment decision in Nifty bank, bank stocks helped in portfolio. Stock Picking is needed at this crucial nifty, Nifty Bank, Nifty auto, Nifty Pharma stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank ,ICICI Bank, HDFC Bank, SBI ( Buy on dip) and Indus Ind Bank ( Buy on dip). Following Finance Stocks can be added as it posted good results are Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Coforge & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Comments : Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT 35200 (34598), indices broke the Major support at 33350 and went down upto 32420. Tech stocks revived in last two trading session. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 35786 ( Fib) to reach 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks.
NSE:NIFTY
by karthikss
NIFTY - On the verge of a correction There is a possibility that the market is being interrupted by the intersection of two strong resistances (mid-trend line intersection) which calls for a correction in the monthly time frame. However, the penultimate move is yet to be completed. The market is about to test the previous day's low @23,442.60 & after that, there will be a struggling upward move testing again at 23,664. The correction progresses from there to the 21,280 ~ 21,200 levels Today support for the upcoming penultimate move will be, SI - 23,442.60 SII - 23,435 ~ 417 SIII - 23,382 NO recommended SL for this trade setup (Any substantial increase above 22,664, calls off the trade). The resistance to the final move is 23,664 & is expected to surpass the said levels by a minimum margin. Trade accordingly.
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan