- Nifty consistently opening with Huge Gap up from last 3 trading sessions and leaving the gap as it is not good sign for market - we can see in Daily frame chart there's an in decision between the Buyers and Sellers at higher levels - one can go short on call when nifty breakdown below the middle support or below the 18440 -Currently NIFTY is trading above 21Day ,50 Day, 100 Day moving averages - - WEEKLY pivot point is at 18180
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18500 -18550 (here we can see ( option chain) more short positions were holding at 18500 CE) -with SL of 18480 - 18670 we can see as the target after breakout
- support level is at 18300 - 18270 -with the SL of 18350 - 18200 we can see as target after breakdown
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