Nifty - View & Intraday Levels for - 27 Dec 2022
Nifty View and Support & Resistance Levels for Tomorrow..
Expectation : BULLISH / Positive Sentiment = BEARISH Reversal from Trend line resistance is possible.
Nifty broke the higher timeframe trend line support, which is a clear sign of Down trend and it can go upto 17200 level. Now its taking Trend line retracement resistance.
Even though BULLISH rally in nifty today, the major trend is Bearish. So possible reversal is expected in Nifty. Since we have strong resistance in Nifty at 17990-18100 level.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Expectation : BULLISH / Positive Sentiment = BEARISH Reversal from Trend line resistance is possible.
Nifty broke the higher timeframe trend line support, which is a clear sign of Down trend and it can go upto 17200 level. Now its taking Trend line retracement resistance.
Even though BULLISH rally in nifty today, the major trend is Bearish. So possible reversal is expected in Nifty. Since we have strong resistance in Nifty at 17990-18100 level.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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