Hii Traders 😊
Welcome to NIFTY 50 levels for intraday trading
🛑 Nifty shown weakness in today's market
🛑 If see day frame chart we can observe one single Red candel which is covered almost last 3 day' trading session
🛑Which means sellers were aggressive in the market but buyers were to try to pull back things
🛑It taken the support at 17600 I'm repeatedly saying that it will be good support zone it taken support and try to pull back the things
🛑If we see the Day volatility it is about 0.94% which higher for index
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17940-17970 where at this point nifty tried to breakout this level
◽ If market breakout resistance zone then we can see Target of 18100
◽ Stop loss for this level is 17870 here the pivot point control region
◽markett will shown some weakness if it traded below 17700
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17600-17560
◽ If breakdown happens we can see the 1a
st Target of 17430
◽2nd target will be 17320
◽ stop loss ie .17660
If market traded below this level I'm sure market will be weak on intraday basis
◽ For nifty their strong support at 17560-17600 if this zone is breakdown then we will enter into range bound market or short term correction ( consolidation) period for some days
🛑Stay light on your quantity
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout the resistance 17920-17950
◽ If nifty traded above 18100
◽If market traded above 18000 then shorter's will run for covering
◽ Don't short the market until below the 17700-17600 levels
🛑 Tradeshots
◽ Resistance level for CE buyers /option buyers is at 17940-17970
◽ support zone to buy PUT / PE is at 17600-17560
◽ Nifty will be weaker on intraday basis below the 17700
Thanks for reading 😊
I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊
Welcome to NIFTY 50 levels for intraday trading
🛑 Nifty shown weakness in today's market
🛑 If see day frame chart we can observe one single Red candel which is covered almost last 3 day' trading session
🛑Which means sellers were aggressive in the market but buyers were to try to pull back things
🛑It taken the support at 17600 I'm repeatedly saying that it will be good support zone it taken support and try to pull back the things
🛑If we see the Day volatility it is about 0.94% which higher for index
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17940-17970 where at this point nifty tried to breakout this level
◽ If market breakout resistance zone then we can see Target of 18100
◽ Stop loss for this level is 17870 here the pivot point control region
◽markett will shown some weakness if it traded below 17700
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17600-17560
◽ If breakdown happens we can see the 1a
st Target of 17430
◽2nd target will be 17320
◽ stop loss ie .17660
If market traded below this level I'm sure market will be weak on intraday basis
◽ For nifty their strong support at 17560-17600 if this zone is breakdown then we will enter into range bound market or short term correction ( consolidation) period for some days
🛑Stay light on your quantity
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout the resistance 17920-17950
◽ If nifty traded above 18100
◽If market traded above 18000 then shorter's will run for covering
◽ Don't short the market until below the 17700-17600 levels
🛑 Tradeshots
◽ Resistance level for CE buyers /option buyers is at 17940-17970
◽ support zone to buy PUT / PE is at 17600-17560
◽ Nifty will be weaker on intraday basis below the 17700
Thanks for reading 😊
I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊