NIFTY Timeframe- 30 min chart
Validity - Current Week
➖ Boring /Dull Move in Last Session, Totally range bound after gapup open.
👉PCR -1.0
👉INDIAVIX - 14.31 (Normal)
🏦 Cash activity
FII- Net SELL (-2667) Cr
DII- Net BUY 1803 Cr
🌐US Markets Last day movement.
DJI:- Bullish by 336+ point.
Nasdaq: Bullish up by 357+points.
#GIFTNIFTY - 40 points up.’
👉NiftySupport 24460,24220,24080.
👉NiftyResistance 24640,24850.
🔹(Same as yesterday )Verdict:- 2 scenarios.
1. Breakout of the channel if the 30-minute candle is above - 24640 then only long side momentum will build up.
2. Reversal from the channel. 24550 range.
Use Appropriate stops to avoid big drawdowns.
Not a buy/sell just for educational purposes.
Keep learning,
Happy trading.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.