Nifty 50 Index

NIFTY 09/05/23

596
Here are the levels for nifty to trade for tomorrow intraday. here the buyers are strongly present and we can see the up move so strong. I hope u all made a profits today in nifty. here if u see the yellow zone is a no trading zone so don't take any trades in that zone just wait for the price to break on the either side of the zone then on the volumes confirmation we can take trade. here if u see on friday exactly from the same day high market has fallen by traping the buyers and again today price traped the sellers. and the buyers who are holding the position will keep their SL below the yellow zone so if it breaks we can take short trade. and same like the buyers the sellers who took the selling position at this level will keep their SL above the yellow zone so if the candle close strongly above this and on the pull back we can take the long entry. and mark the fib extension that has drawn for the up side targets.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.

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