NIFTY 50 analysis for Monday ❗❗
Hii Traders 😊 ,
Welcome to NIFTY 50 Futures and options 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 ,50 Day, 100 Day moving averages
🛑 Taking support from 21Day moving average and good thing is closed above the moving average
🛑As I told in friday market analysis , 17600 will be crucial support zone for nifty but due to huge gap down market opened below the 17600 and it failed to closed above the level and for Monday market it will be crucial for market to close above the level for some movement
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17570-17600
◽ If market breakout resistance zone then we can see Target of 17700 as first target (if we see the Option chain data here 17700 CE holds more short position and next strike is 18000CE)
◽ Stop loss for this level is 17530
◽ Whenever until market below the 17570 market will be weaker and we can see more Shorts position in CALL and nifty futures as well
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17440-17410
◽ If breakdown happens we can see the 1st Target of 17310
◽ stop loss ie .17500
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout the resistance 17570-17600 stay light with quantity
◽ Don't short the market until below the 17440-17410
◽In between range is indecisive don't go long or short anything can happen
🛑 Tradeshots
◽ Resistance level for CE buyers /option buyers is at 17570-17600
◽ support zone to buy PUT / PE is at 17440-17410
◽ Nifty will be weaker on intraday basis below the 17570
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 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 ,50 Day, 100 Day moving averages
🛑 Taking support from 21Day moving average and good thing is closed above the moving average
🛑As I told in friday market analysis , 17600 will be crucial support zone for nifty but due to huge gap down market opened below the 17600 and it failed to closed above the level and for Monday market it will be crucial for market to close above the level for some movement
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17570-17600
◽ If market breakout resistance zone then we can see Target of 17700 as first target (if we see the Option chain data here 17700 CE holds more short position and next strike is 18000CE)
◽ Stop loss for this level is 17530
◽ Whenever until market below the 17570 market will be weaker and we can see more Shorts position in CALL and nifty futures as well
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17440-17410
◽ If breakdown happens we can see the 1st Target of 17310
◽ stop loss ie .17500
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout the resistance 17570-17600 stay light with quantity
◽ Don't short the market until below the 17440-17410
◽In between range is indecisive don't go long or short anything can happen
🛑 Tradeshots
◽ Resistance level for CE buyers /option buyers is at 17570-17600
◽ support zone to buy PUT / PE is at 17440-17410
◽ Nifty will be weaker on intraday basis below the 17570
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 😊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.