Nifty Expiry Special Analysis || Guy's Markets on Support Zone
Good Morning Traders,
Nifty and other indian Indices has done blood bath in yesterday session. American market has also done same. Now Gift Nifty suggesting a Gap down opening in market. Option data suggested that the 10600-19500 may act as a key support area for the nifty. while the 10800-19900 will remain crucial hurdle on the higher side. Well if i tell you chart analysis, then nifty have formed a long bearish candlestick pattern on the daily timeframe.
Well market is on support zone, if market shows any positivity and form any kind of bullish pattern then definitely you should take a chance for upside.
Important Levels for Nifty:-
Intraday Support Zone 19500
Strong Support zone 19300-19350
Intraday Resistance Zone 19700
Strong Resistance zone 19850-19900
Buy above 19725, if levels sustains at least for 15 mints.
Targets we can see in upside 19790/19847
Keep stop loss at 19650
Sale below 19578, if levels sustains at least for 1t mints.
Targets we can see in downside 18497/19426
Keep stop loss at 19650
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Nifty and other indian Indices has done blood bath in yesterday session. American market has also done same. Now Gift Nifty suggesting a Gap down opening in market. Option data suggested that the 10600-19500 may act as a key support area for the nifty. while the 10800-19900 will remain crucial hurdle on the higher side. Well if i tell you chart analysis, then nifty have formed a long bearish candlestick pattern on the daily timeframe.
Well market is on support zone, if market shows any positivity and form any kind of bullish pattern then definitely you should take a chance for upside.
Important Levels for Nifty:-
Intraday Support Zone 19500
Strong Support zone 19300-19350
Intraday Resistance Zone 19700
Strong Resistance zone 19850-19900
Buy above 19725, if levels sustains at least for 15 mints.
Targets we can see in upside 19790/19847
Keep stop loss at 19650
Sale below 19578, if levels sustains at least for 1t mints.
Targets we can see in downside 18497/19426
Keep stop loss at 19650
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Best Regards,
Rahul Pal
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
Contact us for High Accuracy above 85% Paid Trading Advisory & Portfolio Management Services & Learning Programmes.
Whatsapp:- +919560604457
Rahul Pal
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
Contact us for High Accuracy above 85% Paid Trading Advisory & Portfolio Management Services & Learning Programmes.
Whatsapp:- +919560604457
Related Ideas
there is a trade you can go with less qty hero zero
Buy Nifty 19650 ce now at 15
no stop loss
Targets will be 30/45/55++
and one more trade in next week expiry positional trade
Take 19650 ce current month series 26th oct
Now at 97 keep stop loss at 45
Targets will beb 144/181/210++
Expecting moment in market towards 19800+ till next week.