NIfty intraday levels for 04/Sep/2023

4 thg 9, 2023

Good Morning guy's,
guy's NIfty has started the new month on a positive note with the 192 points gain and closed at 19435 on september 1st. NIfty formed a long bullish candlestick pattern on daily chart, which resembled a bullish engulfing pattern. Possibilities are high, market can lift from here. FIIS bought shares worth of 487.94 crore, while DIIS purchased 2294.93 crore worth of stocks on september 1st. All data indicating a bullish momentum from here.

Important levels for NIfty:-

Strong support zone 19200-19250
Resistance zone 19575-19600

Buy NIfty above 19470, if levels sustains at least for 1 hour or 30 mInts.
Targets we can see in upside 19591/19643
Keep stop loss at 19360

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.

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