Nifty price action 30.10.2023

30 Okt 2023

Nifty bounced from 200EMA as per recent update nifty form H&S pattern which has neck line near 19200-250. So, if nifty bounce up to these level and correct from these level, it may test 18800 and 18500 soon. So, wait and watch level 19200-250.
If global tension increase further nifty may test 18120 in extreme case.
For more details please follow the chart.

11 Nov 2023

Nota

Nifty major resistance now 19460 and next 19660. nifty is showing weakness at 19460 if nifty close below 19250 more weakness will come up to 18700 level.
if nifty sustain above 19460 next major resistance and shorting level would be 19660.
so trade accordingly.