NIFTY 50 Levels for 29th Wednesday ❗❗
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 😊
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.