Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker , and fresh position buy only above 18000 until then stay light with quantity
🛑 NIFTY forming green DOJI Candle which is represents that indecisiveness between buyers and sellers
-Currently it is trading above 21Day ,50 Day, 100 Day moving averages
- Nifty currently trading above all simple MA
- WEEKLY pivot point is at 17640
🛑 Key levels to watch out for intraday traders :-
- resistance is at 17900 - 17950 (here we can see ( option chain) more short positions were holding at 18000 CE)
with SL of 17850
18050 - 18100 we can see as the target after breakout
- support level is at 17780 - 17750
with the SL of 17850
17650 we can see as target after breakdown
🛑 NIFTY futures levels will be same
- go long only above 18000
- short the market below 17750
have a nice day ,,
🛑 NIFTY forming green DOJI Candle which is represents that indecisiveness between buyers and sellers
-Currently it is trading above 21Day ,50 Day, 100 Day moving averages
- Nifty currently trading above all simple MA
- WEEKLY pivot point is at 17640
🛑 Key levels to watch out for intraday traders :-
- resistance is at 17900 - 17950 (here we can see ( option chain) more short positions were holding at 18000 CE)
with SL of 17850
18050 - 18100 we can see as the target after breakout
- support level is at 17780 - 17750
with the SL of 17850
17650 we can see as target after breakdown
🛑 NIFTY futures levels will be same
- go long only above 18000
- short the market below 17750
have a nice day ,,
