🛑 Caution Nifty is Trading at record High even though FII's and DII's were pulling out their money ,
- it means Retail traders were taking market to record High
- stay light with quantity
- there's correction in market
- Nifty as to sustain above / close above 18000 level for further move and mainly needed support from either DII's or FII's other wise it may can test 17600 levels
-Currently it is trading above 21Day ,50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 17800
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18000 - 18050 (here we can see ( option chain) more short positions were holding at 18000 CE)
with SL of 17950
18100 - 18150 we can see as the target after breakout
- support level is at 178700 - 17840
with the SL of 17950
17740 we can see as target after breakdown
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