dravya

NIFTY - SHORT TERM LEVELS

NSE:NIFTY   Nifty 50 Index
NSE:NIFTY
for short-term positional and day traders.

Blue-Line and Red-Line important on higher TFs too. They are connected from much behind.

Yellow is the short-term channel.

Green-Line is the intermediate support.

Watch how it plays out and look for opportunities.


Comments and views are welcomed.
Thank you.

Comments

Updated ultra short levels :

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I have the exact same analysis but nifty being sideways for so many days has made it useless it seems
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dravya Basty
@Basty, nothing is forever , isn't it. consolidation will be followed by expansion.
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Red line is the support of the gap and earlier it was also seen new every high market took support of the gap. 8620 is next level that can be after that.
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dravya MohitMittal
@MohitMittal, Yes, it gapped over there !!
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