NIFTY 50 levels for monthly expirey ❗

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Welcome to NIFTY 50 Futures and options analysis for intraday trading ......



🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels

🛑 Currently it is trading above all moving averages 21 Day ,50 Day, 100 Day


🛑It taken the support at 17600 I'm repeatedly saying that it is good support zone it taken support and if it breakdown this level I'm sure Market will get short term correction

🛑Don't take position or don't go long on any stocks right now or stay light reduce your quantity and move from quantity to quality stocks

🎯 Key levels to watch out intraday levels for day trader

🛑 Major resistance zone for Nifty is at 17770-17800 where at this point nifty tried to breakout this level

◽ If market breakout resistance zone then we can see Target of 19000 as first target

◽2nd target will be 18000

◽ Stop loss for this level is 17710

◽markett will shown some weakness if it traded below 17700 on intraday basis



🛑 Major support level for Nifty 50

◽ Support level for nifty lies at 17600-17560 I'm repeatedly saying that this will be crucial support zone today also taken support from this level and bounce backed

◽ 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


🛑 levels for Nifty Futures will be as follows

◽ Go long on nifty Futures if it breakout the resistance 17760-17800 stay light with quantity

◽personal recommend Don't go long until breakout of 18000

◽ Don't short the market until below the 17600-17580

◽In between range is indecisive don't go long or short anything can happen


🛑 Tradeshots
◽ Resistance level for CE buyers /option buyers is at 17760-17800
◽ support zone to buy PUT / PE is at 17600-17560
◽ Nifty will be weaker on intraday basis below the 17700



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