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Nifty Trade Setup for 08th Nov. 2021s3.tradingview.com Good Morning, Everyone. I hope you guys have enjoyed this long weekend. Now time to go back to work. First, Our Market has been closed Thursday and Friday sessions, but India USD and Sgx are both open. India USD is trading on 17,987, which is a clear sign for a gap-up opening. I did some analysis yesterday and found that the IT and Auto sector can lead nifty in this week. I Have posted two charts and tried to explain the current market scenario. We can see a short-term uptrend in the 15-minute time frame. 18,035 is the Harmonic PRZ area, which is confirmed as resistance in a 2-hour time frame as well.18,035 is a critical level in the Intraday can accept a short-covering move on breakout Key & Intraday Resistance : 18,035-18,050 Intraday Support : 17,900 Key Support : 17,750 Trade accordingly
NSE:NIFTY
by CodeViser
Nifty Update on 03rd Nov. 2021 Good Morning, Everyone. I hope you did well in yesterday's trading session and made some good money from our analysis. Nifty fell exactly from our given level in yesterday's trading session and closed at 17,888.95. The sentiment is still negative, and 18,000 to 18,050the whole area is a considerable supply zone for nifty 50, so you need to be careful in your long positions. India USD is trading at 17,981, almost 54 points up from the previous closing, so a 40-60 point gap up is possible in today's trading session. Intraday & Key Resistance : 18,000 to 18,050 Key support : 17,650 Intraday support : 17,850 Trade accordingly
NSE:NIFTY
by CodeViser