NIfty 50 Future breaks days low after gap of 160+ points.
A short positional trade can be initated at the level of 23700 (future level) with stoploss of 23950
First target - 23565
Second Target - 23425
Third Target - 23235
A short positional trade can be initated at the level of 23700 (future level) with stoploss of 23950
First target - 23565
Second Target - 23425
Third Target - 23235
Trade active
Intraday Resistance for NIfty 50 FUTURE LEVEL - 23780Any negative formation, sell at this level to see a nice downside
Note
Resistance Level: 23,900 – 23,950 (Futures Level)Traders considering a reversal trade for a short position may find the zone of 23,900 – 23,950 an ideal resistance level for intraday trading. Initiating a short position at this level is recommended only if negative price action is observed, confirming the reversal signal.
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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.