Nifty 50 IndexLong
Nifty Support and Resistance Analysis for 18-DEC-2023
Attached is the Nifty chart showcasing key support and resistance levels alongside the CPR for both daily and weekly timeframes.
Support and Resistance Levels: The chart highlights significant support around the 21300 and 21200 mark and notable resistance at 21600 and 21644. These levels have demonstrated consistent importance in recent sessions.
CPR: Daily and weekly CPR are essential in understanding potential intraday reversals and weekly trend confirmations.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Market conditions can change rapidly, impacting support/resistance dynamics. Always perform your analysis and risk management before executing any trades.
Support and Resistance Levels: The chart highlights significant support around the 21300 and 21200 mark and notable resistance at 21600 and 21644. These levels have demonstrated consistent importance in recent sessions.
CPR: Daily and weekly CPR are essential in understanding potential intraday reversals and weekly trend confirmations.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Market conditions can change rapidly, impacting support/resistance dynamics. Always perform your analysis and risk management before executing any trades.
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.