Nifty TradeSetup For 08-08-2023
Updated
Nifty important intraday levels to watch for 08-08-2023
#Support: 19570
Short if candle closes below 19570
#resistance: 19620
Long if candle closes above 19620
#Targets on downside after break of support.
Target 1= 19530
Target 2= 19460
#Targets on upside after break of resistance.
Target 1= 19680
Target 2= 19735
Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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#Support: 19570
Short if candle closes below 19570
#resistance: 19620
Long if candle closes above 19620
#Targets on downside after break of support.
Target 1= 19530
Target 2= 19460
#Targets on upside after break of resistance.
Target 1= 19680
Target 2= 19735
Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea.
Queries will be answered in comment section.
Note
Negative start of the day.Note
close to its support. wait patiently and take entry only when breakdown below support marked.Note
low made 19535 after break of support. almost achieved target 1Trade closed manually
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