Nifty View and Support & Resistance Levels for Tomorrow..
Expectation : BEARISH / Negative Sentiment = BEARISH but some sort of Short covering rally can be expected.
Nifty broke the higher timeframe trend line support, which is a clear sign of Down trend and it can go upto 17200 level.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Expectation : BEARISH / Negative Sentiment = BEARISH but some sort of Short covering rally can be expected.
Nifty broke the higher timeframe trend line support, which is a clear sign of Down trend and it can go upto 17200 level.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
