Nifty View and Support & Resistance Levels for Tomorrow..
Today Nifty was taking Retracement support at ATH - 18600 level and there was strong Rally around 120 Points then closed above next day CPR.
Nifty likely to Open Gap up tomorrow more than 0.5% around 18750. Any close above 18777, Target 1 - 18850 level will be tested. 18850 is where strong Sellers exits, if that is taken out 18900 and above in Nifty is expected. Probably 19000 is for this week expectation.
If Nifty shows weakness and closes below 18625, Lower targets are possible and BEARISH trend will get started.
At Buyers zone we can look for BUY entry and SELL entry at Sellers area.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Today Nifty was taking Retracement support at ATH - 18600 level and there was strong Rally around 120 Points then closed above next day CPR.
Nifty likely to Open Gap up tomorrow more than 0.5% around 18750. Any close above 18777, Target 1 - 18850 level will be tested. 18850 is where strong Sellers exits, if that is taken out 18900 and above in Nifty is expected. Probably 19000 is for this week expectation.
If Nifty shows weakness and closes below 18625, Lower targets are possible and BEARISH trend will get started.
At Buyers zone we can look for BUY entry and SELL entry at Sellers area.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
