NIFTY 50 Levels for 29th Wednesday ❗❗

Hii Traders 😊
Welcome to NIFTY 50 levels for intraday trading

🛑 Nifty shown weakness in today's market

🛑 If see day frame chart we can observe one single Red candel which is covered almost last 3 day' trading session

🛑Which means sellers were aggressive in the market but buyers were to try to pull back things

🛑It taken the support at 17600 I'm repeatedly saying that it will be good support zone it taken support and try to pull back the things

🛑If we see the Day volatility it is about 0.94% which higher for index

🎯 Key levels to watch out intraday levels for day trader

🛑 Major resistance zone for Nifty is at 17940-17970 where at this point nifty tried to breakout this level

◽ If market breakout resistance zone then we can see Target of 18100

◽ Stop loss for this level is 17870 here the pivot point control region

◽markett will shown some weakness if it traded below 17700



🛑 Major support level for Nifty 50

◽ Support level for nifty lies at 17600-17560

◽ If breakdown happens we can see the 1a
st Target of 17430

◽2nd target will be 17320
◽ stop loss ie .17660
If market traded below this level I'm sure market will be weak on intraday basis

◽ For nifty their strong support at 17560-17600 if this zone is breakdown then we will enter into range bound market or short term correction ( consolidation) period for some days

🛑Stay light on your quantity

🛑 levels for Nifty Futures will be as follows

◽ Go long on nifty Futures if it breakout the resistance 17920-17950
◽ If nifty traded above 18100
◽If market traded above 18000 then shorter's will run for covering
◽ Don't short the market until below the 17700-17600 levels


🛑 Tradeshots
◽ Resistance level for CE buyers /option buyers is at 17940-17970
◽ support zone to buy PUT / PE is at 17600-17560
◽ Nifty will be weaker on intraday basis below the 17700



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