FinNifty intraday levels for weekly expiry 19/03/24.

NSE:CNXFINANCE   Nifty Financial Services Index
Today the markets where volatile in the first half and has consolidating in the second.

Finnifty remained in a small range between 20610-680 after a good bullish candle aand closed almost flat on the daily charts.

For last three trading sessions, market has been forming doji and are highly volatile. It is hitting the Stop losses and moving the direction afterwards.

If there is a gap up opening above 20700, there will be a break out of the rejection levels and both the moving averages will also be cleared.

It has not giving any good trending move in last expiries and chance of a trend move in this expiry can be seen.

Major support levels :- 20600, 20470

The market is giving target or SL in a single candle and reversing after it.

On the upside it can face rejection as there is a downtrend formation on the hourly charts.

Resistance levels :- 20700, 20785, 20850

In case of a gap down opening, there will be confusion and trading in a volatile market will fetch losses.

Wait for the price action near the levels before entering the market.


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