NIFTY levels for Wednesday ❗
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Welcome to NIFTY 50 Futures and options and option chain analysis for intraday trading ......................
🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker
🛑 Currently it is trading above 21Day ,50 Day, 100 Day moving averages
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17900-17950
◽ If market breakout resistance zone then we can see Target of 18050 as first target (if we see the Option chain data more short position are at 18000CE means from option chain data it acting as strong resistance)
◽ Stop loss for this level is 17850
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17570-17600 (if we see option chain data (it is available in nse website ) at 17600 in put side having more short positions in other words more shorts position were holding at 17600 PE now it will act as strong support zone)
◽ If breakdown happens we can see the 1st Target of 17500
◽ stop loss ie .17660
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout our resistance 18000
◽ Don't short the market until below the 17660
◽In between range is indecisive don't go long or short anything can happen
🛑 Tradeshots
◽ Resistance level for CE buyers /option buyers is at 17900-17950
◽ support zone to buy PUT / PE is at 17570-17600
◽ Nifty will be weaker on intraday basis below the 17660
Thanks for reading,
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 Futures and options and option chain analysis for intraday trading ......................
🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker
🛑 Currently it is trading above 21Day ,50 Day, 100 Day moving averages
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17900-17950
◽ If market breakout resistance zone then we can see Target of 18050 as first target (if we see the Option chain data more short position are at 18000CE means from option chain data it acting as strong resistance)
◽ Stop loss for this level is 17850
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17570-17600 (if we see option chain data (it is available in nse website ) at 17600 in put side having more short positions in other words more shorts position were holding at 17600 PE now it will act as strong support zone)
◽ If breakdown happens we can see the 1st Target of 17500
◽ stop loss ie .17660
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout our resistance 18000
◽ Don't short the market until below the 17660
◽In between range is indecisive don't go long or short anything can happen
🛑 Tradeshots
◽ Resistance level for CE buyers /option buyers is at 17900-17950
◽ support zone to buy PUT / PE is at 17570-17600
◽ Nifty will be weaker on intraday basis below the 17660
Thanks for reading,
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊
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