Nifty Update for 25th October 2021

OANDA:IN50USD

Nifty Update for 25th October 2021
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A sell-off/profit booking was seen in the market last week.

Index has given a small bounce from the support levels.

Here's the trade setup for today:
Today we are going to use two charts with different time frames to get a better view.
As per IN50USD chart we have a 200 point range in Index from 18,000 levels to 18,200.

For buying
18,200 is the key level above that 18,300 will act as a key resistance.

As per hourly chart our Harmonic XABCD Pattern will activate if the price sustains above 18,200
On Higher Timeframe 18,300-18,400 will act as a resistance area.

For selling
Consider selling from 18,050 level, but also consider 18,000 as an important level as it will act as a psychological support.

Consider quick profit booking on both the sides as Index is trading at narrow range.

Trade setup
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Key RESISTANCE is : 18,300
Key SUPPORT is : 18,000

Trade Accordingly!