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Trading_hawk
Jan 9, 2023 10:48 AM

Simple Trade Setup | NIFTY | 10-01-2023 [INTRADAY] 

Nifty 50 IndexNSE

Description

NSE:NIFTY
Trade Setup for 10-01-2023

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.

4) Avoid gap up or gap down chase. Wait and trade between levels.


Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Comments
saurabhbakliwal1001
All levels broken. What is the overall view
Trading_hawk
@saurabhbakliwal1001, Nifty 17690-720 also one support zone. Below that quick selling move can come otherwise bounce will be also crazy from here.
below this levels to watch 17650-625-600
17600 is last support for today in nifty.
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