- NIFTY Technically looking week past 6 Trading sessions were closed in RED Candle
- NIFTY Taking support from 21DMA
-Currently NIFTY is trading above 50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 18251
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18200-18230 (18200 level will be very crucial for up move here we can see ( option chain) more number of short positions were holding @18200 CE)
-with SL of 18150
- 18300 we can see as the target after breakout
- support level is at 18000-17950
-with the SL of 18050
- 17850 we can see as target after breakdown
- NIFTY Taking support from 21DMA
-Currently NIFTY is trading above 50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 18251
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18200-18230 (18200 level will be very crucial for up move here we can see ( option chain) more number of short positions were holding @18200 CE)
-with SL of 18150
- 18300 we can see as the target after breakout
- support level is at 18000-17950
-with the SL of 18050
- 17850 we can see as target after breakdown
