NIFTY: INTRADAY Support & Resistance for 28th July 2017

Updated
Intraday LEVELS Plotted on the CHART.
SCROLL UP & DN for MORE Levels (If Trading Range INCREASED)

NIFTY: Candle Pattern indicates Bulls struggling near All time High point

Indicators & Oscillators indicates "Sell on Rally".
TREND: MIX, Bias: -VE

Levels plotted on chart, Using AUG 2017 Series.
Though Volatility differs from July 2017 Series (as per FnO data).

(Chart Using Volatility of July 2017 Series in end of Description)

Trade Setup for FnO Traders on 28th July 2017:
LONG if Stay Above @ 10085 for 15 Min / Crossed @ 10095.

TGT: @ 10108 - @ 10120 ( HZ #1,Trend Finder Zone),
@ 10148, @ 10171, @ 10186 - 10198 (HZ #2), @ 10225+

SHORT if Stay Below @ 10055 for 15 Min / Dipped @ 10046

TGT: @ 10031 - @ 10020( BZ #1,Trend Finder Zone),
@ 9992, @ 9968, @ 9954 - @ 9943 (BZ #2), 9915-

If enriched your knowledge,
Please don't forget to Hit Like button.


Comment appreciated.

Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.

The levels mentioned below mentioned chart
using Volatility of July 2017 Series.

Compare with Main Chart while trading.

snapshot
Note
Nifty Nearing : "PCL: 9943"
Made a LOW @ 9949

FnO trader Enter LONG @ 9994

TARGET: 15 - 24 - 35+ point
SL: 20 point.
Note
NF: @ 10013+
Achieved 17 point (TGT #1)
Keep TSL As wish. / Bok Partial profit.
Note
After Given LONG View made a HIGH @ 10019.8
+25 point. Target #2 Achieved.

Keep TSL As wish. / Bok Partial profit.
Trade closed: target reached
Till now made High @ 10026 (After entry LONG)
+32 pointt

@ 10029 looks Crucial.

Safe trader can EXIT @ 10029 or as WISH

Though has Potential to made NEW DAY HIGH.
Note
NF Made NEW day High @ 10044, (previous was 10039.7
Ass mentioned Earlier.
Note
Filled Bearish Gap form after opening.

snapshot
Beyond Technical AnalysisFibonacciSupport and Resistance

Also on:

Related publications

Disclaimer