Trend is bearish trading below daily
50 EMA and infosys ADR trading 5 percent down after company posted Q4 earnings that can effect on nifty pushing to more downside. Still we follow support and resistance levels to trade on friday.
Support are 21950 if sustains below short targets of 21900,21850,21800,21750
Resistance are 22080 if sustains above long targets of 22120,22150,22200.
Metioned suppor,resistance and targets areas can act as reversal area please watch price action on those.
50 EMA and infosys ADR trading 5 percent down after company posted Q4 earnings that can effect on nifty pushing to more downside. Still we follow support and resistance levels to trade on friday.
Support are 21950 if sustains below short targets of 21900,21850,21800,21750
Resistance are 22080 if sustains above long targets of 22120,22150,22200.
Metioned suppor,resistance and targets areas can act as reversal area please watch price action on those.
Note
21750-21800 area acting as support nowNote
took support on mentioned area but did not expected this much move upside Note
For Monday 22 nd April support and resistance levels 22200 below sustains short targets of 22120,22100,22080
22270 above sustains long targets of 22330,22350,22400
Note
Mentioned suupport and Resistance area can act as reveresal ponts 22200 area look for rejection or breakdown and 22270 area look for rejection or breakoutNote
22200 area took support and rejected went to test immeadiate resistance area look for break out or rejection hereNote
April 24th Nifty supprt and resistance levelsTrade active
Trade closed: target reached
Note
April 25th support and resistance levels Note
rejected from resistance area Trade active
Trade closed: target reached
Trade active
Second trade of the dayNote
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.