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Nifty 50 Index
Long

Nifty: Monday - 24/10/22

By pradipandsuvra
Updated
Support: 17600, 17520, 17420
Resistance: 17675, 17795, 17950

Note
Trade setup:
1. Don’t jump into Muhurat Trading euphoria. Better to avoid index for today.
If still your finger is itching:
2. For gapup, wait for V pattern (retest of 17675). If sustains, Buy with a SL of 17650, target can be: 17725/17750.
3. For flat open, watch 17610 level for at least ~10 mins (3 3m candles or 2 5m candles). If sustains above, go long with SL of 17600, target can be 17650/17675. If fails, go short with a SL of 17625, target of 17575/17550.
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pradipandsuvra
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