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Nifty - Intraday Levels for 02 Dec 2022

Short
NSE:NIFTY   Nifty 50 Index
Nifty Intraday levels for Tomorrow..

Nifty BULLSIHLY aligned, but sentiment is negative and today closed below next day CPR. If Nifty opens below CPR - 18826 and any rejection around this level we can expect Nifty will test 18700.

If closes above 18826 and sustains, Target 1 & 2 on the higher side will be tested. Similarly the Trend line breakout also indicates the movement towards the breakout side.

At Buyers zone we can look for BUY entry and SELL entry at Sellers area.


Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.

For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.

Refer the chart for detailed Intraday Support and Resistance levels.

Happy Trading!!

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