Nifty Spot Actionable Idea ---- Hello friends Sharing my intraday Trading idea on Nifty for 1st December with all of you, Hope you like it my Analysis.
After Today's Flat opening index did not go so much down and did not breached yesterday's close price and a got a bounce near from there, so it is a good sign and showing that price is having strength for upside retracement, And at the end of the session it turned in green leading by information technology shares mainly. So if global market will support we can see it can move towards all time highs but i am sharing my support and resistance data as usual friends.
#Current Price- 20133
#Resistance Level- 20136
#Support Level- 20102
#Target Levels- 20190 And 20236 (Uncharted) we can expect after breakout of Resistance
#Target Levels- 20046 And 20000 we can expect after breakout of Support
#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
Please Give A Like If You Like
After Today's Flat opening index did not go so much down and did not breached yesterday's close price and a got a bounce near from there, so it is a good sign and showing that price is having strength for upside retracement, And at the end of the session it turned in green leading by information technology shares mainly. So if global market will support we can see it can move towards all time highs but i am sharing my support and resistance data as usual friends.
#Current Price- 20133
#Resistance Level- 20136
#Support Level- 20102
#Target Levels- 20190 And 20236 (Uncharted) we can expect after breakout of Resistance
#Target Levels- 20046 And 20000 we can expect after breakout of Support
#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
Please Give A Like If You Like
