rakeshreddym

Nifty Support and Resistance levels for Monday 11th March

rakeshreddym Updated   
NSE:NIFTY   Nifty 50 Index
Nifty Support and Resistance levels to trade with on monday, as we have very tight range close on thursday only above or below of that range breakout could give you a good move.If it stays in that 100 point range try to play reversal on extremes of that ranges.

Ressitance 22535 Break out above targets 22570,22600,22670
Support 22430 Breakdown below targets 22360,22300,22280,22250.

Resistance,support and targets can be reversals area also above and below please check price action on them.
Comment:
5 Mins chart for reference
Comment:
As mentioned in idea opened in range extreme top rejected entry short below first candle in 5 mins time frame
Comment:
50 points gains so far one can bring stop loss to BE or trail till support area tested below
Trade closed: target reached:
Comment:
As mentioned 22430 broke nice move gave to downside

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.