Nifty Support and Resistance Levels for Friday 3rd Jan
Updated
Nifty currently at mid point of Dec 16th week big red candle important area to look for rejection or breakout here .
Nifty Key Levels :-
24225 is Resistance if sustains above long for targets of 24300,24350,24400.
Same Resistance if rejection seen play till immediate support of 24125,24000 areas below targets.
24125 is support if sustains below short for the targets of 24050,24000,24850.Look for rejection on given below targets if valid can long accordingly on those levels.
Educational purpose only do you own research before taking entries.
Nifty Key Levels :-
24225 is Resistance if sustains above long for targets of 24300,24350,24400.
Same Resistance if rejection seen play till immediate support of 24125,24000 areas below targets.
24125 is support if sustains below short for the targets of 24050,24000,24850.Look for rejection on given below targets if valid can long accordingly on those levels.
Educational purpose only do you own research before taking entries.
Note
Weekly timeframe chart to show the mid point area
Note
Target one done below 24125 support, 75 points gain.
Note
Almost checked the second target missed by 6 points.
Note
24000 voilates and sustains below 23900 and 23850 area may test below if not today by Monday. Trade active
Entry made price came to shorting area
Trade closed: target reached
Exited trade 60 points gain
Note
Target Achieved
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