Nifty important levels to watch are as follows
#Support: 19650
Sell below: 19650 only on 15 minute candle closure below the level.
Target 1: 19590
Target 2: 19490
#Resistance: 19720
Buy Above: 19720 only on 15 minute candle closure Above the level.
Target 1: 19780
Target 2: 19850
#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.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#Support: 19650
Sell below: 19650 only on 15 minute candle closure below the level.
Target 1: 19590
Target 2: 19490
#Resistance: 19720
Buy Above: 19720 only on 15 minute candle closure Above the level.
Target 1: 19780
Target 2: 19850
#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.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
a decent downward momentum can be expected now as nifty managed to break the support. Remember this is not a buy or sell recommendation, Kindly use Stoploss as per your risk appetite.