datatraders77

NIFTY ANALYSIS FOR INTRADAY 24-08-2020

datatraders77 Updated   
NSE:NIFTY   Nifty 50 Index
AS PER MY ANALYSIS, WE COULD SEE NIFTY IS IN RANGE BOUND FROM PAST TWO DAY.
*I AM EXPECTING SUDDEN MOMENT ON EITHER SIDE.
*FOR SHORT RANGE IF NIFT BREAKS THE ZONE OF 11387-11602 WE CAN SEE NIFTY AT 12000.
*PLEASE AS I ALWAYS KEEP SAYING DO WATCH S&P 500 MOMENT, BOTH NIFTY AND S & P 500 ARE COPING EACH OTHER.
*FOR INTRADAY THE RANGE *
IF YOU SEE YESTERDAYS POINT, NIFTY TOOK SUPPORT NEAR OUR LEVELS
*LEVEL 11405-11536 ARE STILL ACTING AS RESISTANCE.
*NIFTY HAS COME DOWN TO LEVEL OF 11300, AT PRESENT THE SUPPORT LEVELS ARE 11300,11244,11131
*I WILL SHORT NIFTY BELOW 11244 IF I GET DOWNTREND, OR ELSE BUY TREND.
*TRADE PATIENCE

RESISTANCE: 11450-11536
SUPPORT: 11300-11244-11131
Trade active:
TAKEN REJECTION EXACTLY AT GIVEN RESISTANCE.
POINTS ARE STILL VALID
RESISTANCE 11535
SUPPORT : 11405, 11300, 11244

BUY /SELL BASED ON MARKET TREND CONFIRMATION

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