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Nifty Live Intraday Updates for 20-12-23

NSE:NIFTY   Nifty 50 Index
Nifty important levels to watch are as follows

📍 Support: 21430

📊Sell below: 21430 only on 15 minute candle closure below the level.
📉Target 1: 21380
📉Target 2: 21300


📍 Resistance: 20505

📊 Buy Above: 20505 only on 15 minute candle closure Above the level.
📈Target 1: 21550
📈Target 2: 21630





⚡⚡ 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.


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#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:


both the targets hit on downside.

Nifty takes support exactly at the pre plotted demand zone.
Trade closed: target reached

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