NIFTY
Updated
Important Levels for 19-08-2022.
The index is so bullish that we are printing Higher highs every day. The next important reference on the upside is from 18047-18096 and there is a high probability of that happening.
The up move post 2 pm is concentrated in the range of 17949-17965 and any dips till this zone can be bought.
17912-17922 will be another zone to mark as potential profit booking zones for someone who dares to short the index;)
The major support still is at 17854-17886 and we can think of shorting only below this.
The volumes and sentiment looks bullish tomorrow and would be my suggestion to avoid shorts.
The index is so bullish that we are printing Higher highs every day. The next important reference on the upside is from 18047-18096 and there is a high probability of that happening.
The up move post 2 pm is concentrated in the range of 17949-17965 and any dips till this zone can be bought.
17912-17922 will be another zone to mark as potential profit booking zones for someone who dares to short the index;)
The major support still is at 17854-17886 and we can think of shorting only below this.
The volumes and sentiment looks bullish tomorrow and would be my suggestion to avoid shorts.
Note
Longs above 17980 on a 15min TF closing basisShorts as of now nothing
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