PolasamKalyan

NIFTY Move on 28-09-2023

Short
NSE:NIFTY   Nifty 50 Index
1. Around 19764, Price rejection may happen, Look at LOW volume clusters and look at a DOJI candle added a blue color comment to it. Mostly big DOJI candle plays a key roles and may act Support/Resistance strongly. This is 15 min timeframe. As 75-min time frame RSI is below 50, we can assume the marked DOJI acts like RESISTANCE.

2. Around 19605, Price rejection may happen, Look at LOW volume clusters and look at a DOJI candle added a blue color comment to it. Mostly big DOJI candle plays a key roles and may act Support/Resistance strongly. Lets talks about this later.

Note: WICKS plays a key roles when crossing the stops like PIVOT, MA, VOLUME POC. If a wick on the above, then the price wont stop, it falls easily.

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