Hello Traders, Good Morning, i hope you will be doing good in your trading and your life as well as. I have done analysis on Finance nifty as today is weekly expiry. So let's start,,
We have seen some pull back in all indian indices in yesterday's session, i think this should continue, as global market also supporting. Finance nifty also done same, let's see what is going to happen today.
If i talk about support and resistance for Finance nifty, then There is support in the zone of 20175-20200 in downside and i think Finance nifty will give respect for this today's session. Guy's try to buy in support zone also, if you see any price reversal pattern on downside and keep stop loss at 20125.
For Resistance we can see in the range of 20358-20375, and if Finance nifty will break above these levels and trade at least for 30 mints then our buying order should triggered, as then we can see bullishness in Finance Nifty and that momentum will lead the rally towards 20450-20500 levels.
Important Levels for Finance Nifty:-
Buy above 20358, if levels got sustained at least for 30 mints.
Target we can see in upside 20441/20481/20537.
Keep stop loss at 20200.
Sale below 20200, if levels got sustained at least for 30 mints.
Target we can see in downside 20125/20065/20011.
Keep stop loss at 20358.
Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and 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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