Nifty Trade Setup for 03-07-2023
Updated
Nifty50 Important intraday levels are as follows,
#Support: 19140
Short if candle closes below 19140. However, a short scalping trade can be initiated if a 5 minute candle is closed below the trendline support marked in dashed green line.
#resistance: 19201
Long if candle closes above 19201.
#Targets on downside after break of support.
Target 1= 19100-19080
Target 2= 19020-19000
#Targets on upside after break of resistance.
Target 1= 19240
Target 2 = 19290-19300.
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#Support: 19140
Short if candle closes below 19140. However, a short scalping trade can be initiated if a 5 minute candle is closed below the trendline support marked in dashed green line.
#resistance: 19201
Long if candle closes above 19201.
#Targets on downside after break of support.
Target 1= 19100-19080
Target 2= 19020-19000
#Targets on upside after break of resistance.
Target 1= 19240
Target 2 = 19290-19300.
Follow us for more such information and educational ideas. Give it a like if you like the idea.
Queries can be answered in comment section.
Note
one way rally, Both targets achieved !Trade closed: target reached
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