Nifty Spot Actionable Idea ---- Hello friends Sharing my intraday Trading idea on Nifty for 22ND December with all of you, Hope you like it my Analysis.
After Today's Gap down opening index nicely recover from that gap down opening and after we witnessed a sharp V shape recovery in mid od today's session after yesterday's huge selloff too. So I identified some support and resistance levels for tomorrow's session hope it will work for me to take intraday trades in this index.
#Current Price- 21255
#Resistance Level- 21287
#Support Level- 21210
#Target Levels- 21342 And 21399 we can expect after breakout of Resistance.
#Target Levels- 21158 And 21103 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.
After Today's Gap down opening index nicely recover from that gap down opening and after we witnessed a sharp V shape recovery in mid od today's session after yesterday's huge selloff too. So I identified some support and resistance levels for tomorrow's session hope it will work for me to take intraday trades in this index.
#Current Price- 21255
#Resistance Level- 21287
#Support Level- 21210
#Target Levels- 21342 And 21399 we can expect after breakout of Resistance.
#Target Levels- 21158 And 21103 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.
Comment:
Small gap up, opened above marked resistance but did not sustain and came down. Now waiting for a resistance or support break friends
