NIFTY levels n RBI will announce Repo rates by Tomorrow morning

Welcome to NIFTY 50 Futures and options and option chain analysis for intraday trading ......................
🛑 RBI will likely to announce Repo and interest Repo rates due this volatility will likely increases, every traders eye is on RBI

◽Every trader eye is on RBI

◽ Weekly pivot point 17650

◽ Monthly pivot point 17450 (Explained briefly Below I hope that you will like it do follow for more)


🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker , and fresh position buy only above 18000 until then stay light with quantity

🛑 Currently it is trading above 21Day ,50 Day, 100 Day moving averages

🎯 Key levels to watch out intraday levels for day trader

🛑 Major resistance zone for Nifty is at 17900-17950

◽ If market breakout resistance zone then we can see Target of 18050 as first target (if we see the Option chain data more short position are at 18000CE means from option chain data it acting as strong resistance)

◽ Stop loss for this level is 17850


🛑 Major support level for Nifty 50

◽ Support level for nifty lies at 17715-17670

◽ If breakdown happens we can see the 1st Target of 17570-17550

◽ stop loss ie .17770



🛑 levels for Nifty Futures will be as follows

◽ Go long on nifty Futures if it breakout our resistance 18000


◽ Don't short the market until below the 17660

◽In between range is indecisive




If you like it do follow for more

have a nice day 😊