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Nifty Tradesetup for 16-08-2023

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NSE:NIFTY   Índice Nifty 50
Nifty important Intraday levels to watch are as follows

#Support: 19400
Sell below:19400 only on 15 minute candle closure below the level.
Target 1: 19350
Target 2: 19287
Target 3: 19210


#Resistance: 19480
Buy Above: 19480 only on 15 minute candle closure Above the level.
Target 1: 19560
Target 2: 19640


#Demand Zone: 19290-19310 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.

#Supply Zone: 19455-19480 may act as an immediate selling zone, and price may reject from the region marked in red on the chart.


#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.

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Comentário:


formation of rising wedge pattern is undergoing, breakdown from this may drag nifty towards day low.
Comentário:


pattern negated. No entry confirmation.

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