Tight value area for ACC.
I don't think that from the right side of excess is the INITIATIVE move, if it's not then, price back to value area.
It will not spend much time out fo value.
Volume is normal so, this is also single of not break down and price back in trend.
If everything fine, then buy level 1655 nearby and stoploss will not be far 1548
ZEEL future at 418.6 to 420.8 and stoploss 422 and targets 411-410 and 405-402
Don't overlook cash levels which are mentioned in the chart. Before trade and Exit from the call must check level also triggered.
Statistics based on research for intraday BUY NIFTY FUTURE 11612-11624 and stoploss 11600 and SELL BELOW 11600...!
This is both side nice opportunity with the lowest risk but the role of stoploss is very important for NIFTY trader.
PLAN (A): First buy with stoploss 11600 and for 45-78 points profit.
PLAN (B): Sell below 11600.
The red channel reflects that the level has acted as resistance for Nifty. At current levels Selling Nifty has better risk::reward ratio.
Levels are mentioned in the chart
Take care & safe trading
Levels mentioned on chart.
(This is only my opinion not financial advice)
Do not carry the position home. This is a day trade only, posting at 1.50pm will be available for viewing at 2.05Pm (Tradingview time)
Do not enter if price goes too far from the rec price. Improvise)