Sell below: 20930 only on 15 minute candle closure below the level. Target 1: 20885 Target 2: 20850 Target 3: 20800
#Resistance: 21010
Buy Above: 21010 only on 15 minute candle closure Above the level. Target 1: 21050 Target 2: 21095
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#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.
Comment
⋅
📈 Market Update 🚀
Market remains robust, with a propensity to absorb dips. Caution advised against shorting for extensive targets or prolonged holding of shorts. Stay agile and capitalize on potential buying opportunities. 📉📈
✅NIFTY finds strong support at 20850-20900; Weekly candle signals Bullish Marubozu. BANKNIFTY achieves historic daily and weekly closes with Bullish Marubozu.
🔍 Open Interest:
- Support evident below 20900. - 21000 marks highest OI (resistance). - Breakthrough could lead to minimal resistance.