Good Morning Traders
Guy's market was looking very very positive on Friday's evening, as American market had closed on higher, so Gifty Nifty was also showing huge positivity around 100 points. But due to Israel conflict, Everything has been opposed now, American Future showing more than 100 points down. Gift Nifty also indicating negative opening, no doubt if we can see Nifty opening in the range of 19500-19550. But after opening buying can come, if i talk about intraday support, that will be 19500. If this breaks then we might can see more lower levels. As of now we don't have to react much. Any lower levels will be good to enter for long term, i am indicating for investing purpose. Only those stocks can react much whoever has higher FIIS investment, and banks also can react much. Oil futures also showing 3.4%+ increment early in the morning.
I think everyone should wait for your opportunity. I mean if you see gap down try to buy somewhere 19500, if we see any bullish reversal on chart. And Guy's there is higher probability market can be highly volatile today.
Important levels for Nifty:-
Intraday support zone 19500
Intraday resistance zone 19700
Buy above 19657, if levels sustains at least for 15 mints.
Targets we can see in upside 19715/19769
Keep stop loss at 19605
Sale below 19605, if levels sustains at least for 15 mints.
Targets we can see in downside 19560/19508
Keep stop loss at 19657
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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