Nifty Important levels and trading plan for Tuesday 12.07.22
On daily time frame nifty is sideways. With important resistance levels in 15-minute time frame at 16249, 16275, 16297, and 16325 and support levels at 16182, 16145 and 16118. And major support levels in daily time frame at 16095, 15895, 15678 and major resistance levels at in daily time fare will be at 16405, 16503 and 16588 Below 15678, Nifty will be bearish again.
Between 16216 to 16182 will be the no trade zone for directional traders. With flat opening crossing 16182, a bearish trade can be taken. For bullish trade we will have to wait for upper level of no trade zone to cross with a price action. For any opening below that zone, we can go for trades with price action only.
16200 will be the level of concern for tomorrow with considerable OI in both CE and PE side. Nifty sustaining either side will be the side of Nifty for tomorrow.
*All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different*
**Time of plotting the levels and planning 11th July 4:10 PM**
***Personal opinion, not a trading advice***
#NIFTY50
Between 16216 to 16182 will be the no trade zone for directional traders. With flat opening crossing 16182, a bearish trade can be taken. For bullish trade we will have to wait for upper level of no trade zone to cross with a price action. For any opening below that zone, we can go for trades with price action only.
16200 will be the level of concern for tomorrow with considerable OI in both CE and PE side. Nifty sustaining either side will be the side of Nifty for tomorrow.
*All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different*
**Time of plotting the levels and planning 11th July 4:10 PM**
***Personal opinion, not a trading advice***
#NIFTY50
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