NIfty possible levels for today. 17/07/2023
Updated
Good Morning Traders,
NIfty Trading in bullish ascending channel, chances are high that nifty should return to test lower range of the channel, but as of markets are highly bullish may be we can see some breakout for upside, but according to price action, this should return from here, and should go towards 19500-19450 levels. But if this give breakout then we can see another new high in today's session. Okay let's see what is going to happen, we will take trade according to price action.
Important levels for Nifty:-
Buy Nifty above 19615, if levels sustain at least for 15 mints.
Target we can see 19698/19747
Keep stop loss at 19566.
Sale Nifty below 19566, if levels sustain at least for 15 mints.
Target we can see 19511/19432
Keep Stop loss at 19615.
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.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
NIfty Trading in bullish ascending channel, chances are high that nifty should return to test lower range of the channel, but as of markets are highly bullish may be we can see some breakout for upside, but according to price action, this should return from here, and should go towards 19500-19450 levels. But if this give breakout then we can see another new high in today's session. Okay let's see what is going to happen, we will take trade according to price action.
Important levels for Nifty:-
Buy Nifty above 19615, if levels sustain at least for 15 mints.
Target we can see 19698/19747
Keep stop loss at 19566.
Sale Nifty below 19566, if levels sustain at least for 15 mints.
Target we can see 19511/19432
Keep Stop loss at 19615.
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.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Note
What a rally
Rahul Pal (TradingView Moderator)
Join Free TG t.me/TraderRahulPal1
Join Powerful Like-Minded Trading
Community Group to stay ahead
from others spf.bio/TUZZz
All My Profiles:-superprofile.bio/realbullstrading
Join Free TG t.me/TraderRahulPal1
Join Powerful Like-Minded Trading
Community Group to stay ahead
from others spf.bio/TUZZz
All My Profiles:-superprofile.bio/realbullstrading
Related publications
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.