Nifty -50 trend and Levels expecting on 18-01-22 trading day
Hi,
The Nifty -50 & Nifty Bank Pivot and fib retracement support and resistance levels are given.
The technic of trade the option and FNO of Nifty and Nifty bank are as follow.
Index Technical indicator Prev Close. R1 R2 R3 S1 S2 S3
NIFTY 50 Pivot 18308.1 18343.51 18378.93 18436.31 18250.71 18193.33 18157.91
FIB RETRACMENT 18321.6 18363.75 18423.75 18279.5 18227.35 18143.1
NIFTY BANK Pivot 38216.15 38509.69 38803.22 38988.94 38030.44 37844.72 37551.19
FIB RETRACMENT 38309.5 38604.8 39025.15 38014.25 37645.95 37058.45
Whenever touch the those support or resistance level market will happen these two actions
1. Breakout and go further
2. Bounce back
Patiently watch at least 5 Mints. the market either Breakout or Bounce back. According to market action you may take option position CE or PE and exit the position when it reaches to next level. If you trade in such way you may get moderate profits - good luck
The Nifty -50 & Nifty Bank Pivot and fib retracement support and resistance levels are given.
The technic of trade the option and FNO of Nifty and Nifty bank are as follow.
Index Technical indicator Prev Close. R1 R2 R3 S1 S2 S3
NIFTY 50 Pivot 18308.1 18343.51 18378.93 18436.31 18250.71 18193.33 18157.91
FIB RETRACMENT 18321.6 18363.75 18423.75 18279.5 18227.35 18143.1
NIFTY BANK Pivot 38216.15 38509.69 38803.22 38988.94 38030.44 37844.72 37551.19
FIB RETRACMENT 38309.5 38604.8 39025.15 38014.25 37645.95 37058.45
Whenever touch the those support or resistance level market will happen these two actions
1. Breakout and go further
2. Bounce back
Patiently watch at least 5 Mints. the market either Breakout or Bounce back. According to market action you may take option position CE or PE and exit the position when it reaches to next level. If you trade in such way you may get moderate profits - good luck
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