Nifty Trade Setup for 25-09-2023
Updated
Nifty important levels to watch are as follows
#Support: 19660
Sell below: 19660 only on 15 minute candle closure below the level.
Target 1: 19590
Target 2: 19495 - 19500
#Resistance: 19720
Buy Above: 19720 only on 15 minute candle closure Above the level.
Target 1: 19780
Target 2: 19850
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
#Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#Support: 19660
Sell below: 19660 only on 15 minute candle closure below the level.
Target 1: 19590
Target 2: 19495 - 19500
#Resistance: 19720
Buy Above: 19720 only on 15 minute candle closure Above the level.
Target 1: 19780
Target 2: 19850
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
#Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Note
Nifty according to 5 min chart,
an Immediate supply zone can be spotted at around 19725-19710. Probability or price rejection is high. Initiate long positions only if 5 min candle closes above the supply zone.
market is more likely to consolidate within a range with negative biasness. Plan your trades accordingly. Follow us for more detailed view.
Note
Nifty at support as per 1 min chart.
Note
after break of resistance as per 1 min chart, nifty is currently trying to breach the supply zone. once breaks out from the supply zone, another positive momentum can be expected.
Trade closed manually
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