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Nifty Live Intraday Updates for 31-10-23 !

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

#Support: 19145

Sell below: 19145 only on 15 minute candle closure below the level.
Target 1: 19100
Target 2: 19020



#Resistance: 19233

Buy Above: 19233 only on 15 minute candle closure Above the level.
Target 1: 19285
Target 2: 19360-19370




=> # 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.

=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.



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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:

Currently Nifty at 1 min timeframe.
Comment:


Target 1 hit, Struggling to break the support, A potential short entry is possible if 1 min candle closes below 19090.
Comment:
19090 to 19081
Comment:


Currently, Nifty is following the trendline resistance plotted on the chart.

A bullish movement can be expected if nifty manages to break the trendline resistance and gives 5 min candle closing above 19110.


however, If nifty fails to break the trendline resistance...we can expect a further price drop from here, potential short entry is possible on 1 min candle closing below day low.
Comment:
Comment:
never forget to use SL.

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Disclaimer: All the Views are purely for educational purpose.