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Nifty 50 Support and Resistance Levels (16/01/2024)Nifty 50 Support and Resistance Levels (16/01/2024): #### Support Levels: 1. **Support Level 1:** 22,000 2. **Support Level 2:** 21,900 3. **Support Level 3:** 21,800 - If the market trades below 22,000, it could signal potential downside movement. #### Upside Resistance Levels: 1. **Resistance Level 1:** 22,100 - If the market trades above 22,100, it could potentially move towards all-time highs. ### Technical Analysis Insights: - **Support Zones:** 22,000, 21,900, and 21,800 are crucial areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zone:** 22,100 is anticipated to be a key level where selling pressure might intensify, limiting immediate upward movements. - **Breakdown Caution:** Trading below 22,000 might signify increased bearish sentiment and could lead to further downside movement. - **Upside Breakout Confirmation:** A sustained breakout above 22,100 might indicate a potential move towards all-time highs, but confirmation is essential.
NSE:NIFTYLong
by santubittu
NIFTY Intraday Trade Setup For 15 Jan 2024NIFTY Intraday Trade Setup For 15 Jan 2024 Bullish-Above 21930 Invalid-Below 21880 T- 22070 22195 Bearish-Below 21800 Invalid-Below 21850 T- 21642 21508 NIFTY has closed on a slight positive note with 0.85% gain last week. Index looks ready to break 22k mark with 3rd quarter results. Index will face a major resistance near 22500 as per ABCD PRZ (2.618) in weekly TF. No Point in looking for short (swing) till 22500. On Friday index broke 10 days contraction pattern (parallel channel) which held index in a tight range. Also we need to observe the daily price action for riding the trend till the fullest, till the time index is in bullish price structure. 21930 and 21800 are important levels for Monday's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21930 then we will long for the target of 22070 and 22195. For selling we need a 15 Min candle close below 21800. T- 21642 and 21508. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY prediction for tomorrow 15 JAN 24As we discussed, NIFTY would be "Sideways unless it breaks the range to either side." on Friday, it broke to the upside and gave a really nice bullish rally. People who Bought CE or sold PE might have made good money. For tomorrow all important levels have been marked on the chart. If we look right now, it's trading ALL-TIME-HIGH, which might lead to a 22,000 target. If we see the charts, we are on the way to touching the resistance trendline. Once it reaches there, it will face resistance. GIFTNIFTY is already showing 21975 closing in the last session. The upper range to go nifty is 22100. So, I expect it to go up and then from 22100 settle down. If we see OI data PCR = 1.40 which shows highly bullish indications for upcoming sessions. 22000 is having significantly good resistance level lets see how the price action behave there. MAX Pain for now is 22000. Tomorrow it might open gap-up and then reach 22100 and then correct for some points that might lead to a sideways market too. Reasons: Price > EMA(13,50,200) which shows price have strength. The bulls are in control. (Bullish) EMA(13,50) crossover shows bullishness in the Market. RSI is above 60, which means it's in the Bullish zone. RSI is showing good strength in trend. OI data PCR = 1.40, which is highly bullish. It's a very good sign of bullishness. VWAP > > Price shows that the price is not volume balanced. It's obviously bullish. But if it goes further, you have to correct some points to get balanced. The Market is continuously making HH and HL. Shows very good strength of the trend. Verdict: Bullish Plan of action: Wait for 15 min Candle; and then make position based on price action levels marked on chart.
NSE:NIFTYLong
by finnova_
2
NIFTY Intraday Trade Setup For 12 Jan 2024NIFTY Intraday Trade Setup For 12 Jan 2024 Bullish-Above 21730 Invalid-Below 21680 T- 21860 22015 Bearish-Below 21590 Invalid-Above 21640 T- 21450 21300 NIFTY has closed on almost on a flat note with minor gain of 0.13% today. It opened with a gap up near hourly upper trendline of the parallel channel. Trendline was respected and fall of almost 90 points came. Closing basis it was just another consolidation day. Till the time index is trading in this hourly parallel channel intraday will be choppy. Directional traders need to wait for its breakout, high probable in the upside. Tomorrow 21730 and 21590 are important levels. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21730 then we will long for the target of 21860 and 22015. For selling we need a 15 Min candle close below 21590. T- 21450 and 21300. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
1
NIFTY prediction for tomorrow 12 JAN 24As we discussed, Nifty has been moving in a sideways range-bound market in the range of 21500 and 21750. also, today, it took very nice support from 200 EMA and activated buyers. But once it's moving in the range, it could not be better for option buyers. Right now, the only you can do is option selling with IRON CONDOR. If we look at OI, we can see PCR = 0.7, which is leaned to the bear side. The market has shown a bearish structure this whole week. There are higher chances to break it to the downside. If it breaks to the downside, I am expecting it to fall nicely; otherwise, I will be playing range-bound for Selling options. Also, the market has formed an insider candle on the day's time frame. Unless this insider candle is cleared, I am expecting it to be range-bound between 21500 and 21750. Reasons: Price > EMAs shows the market still has a good bull control. (Bearish) RSI ~ 50 increasing means bulls are trying to get the market to go up. But still RSI = 40-60 means still sideways. Once it breaks to RSI(60) upside, We can expect a nice bull move. (Bearish) If we see OI 21650 and 21700 have a huge resistance wall, it means huge CE writing at those levels. (Bearish) 21600 is MAX PAIN. If it breaks to the downside, a good fall can be seen in nifty till the level of 21120. (Bearish) Verdict: Sideways unless breaks the range to either side. Plan of action : Right now, you can go for IRON CONDOR. for range 21500-21750. OR Sell 21750 CE and sell 21500 PE (Hedge with 15rs PE and CE)
NSE:NIFTY
by finnova_
NIFTY Intraday Trade Setup For 11 Jan 2024NIFTY Intraday Trade Setup For 11 Jan 2024 Bullish-Above 21645 Invalid-Below 21595 T- 21765 21855 Bearish-Below 21440 Invalid-Above 21490 T- 21300 21150 NIFTY has closed on a slight bullish note with 0.34% today. It was another range trading between 21500 and 21850. However it tried to break the range lower but bounced back in the very next candle which hit our sl. Now slight change to our hourly zone, 21850 and 21450 is the zone. Breakout of this zone will give us a directional move. It is consolidating after a big run which is pretty obvious as per market phases. Tomorrow 21650 and 21450 are intraday levels. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21645 then we will long for the target of 21765 and 21855. For selling we need a 15 Min candle close below 21440. T- 21300 and 21150. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty weekly expiry intraday levels for 11/01/24.Nifty is still holding on to the crucial support of 21500. There is volatility in the market and chances are it will remain in the area until is trades outside 21500-21800 range. Tomorrow is weekly expiry of the index and if the volatility remains the same avoid trading. Major support :- 21500, 21420, 21300 The last hour recovery is creating confusion whether down trend is confirmed or not. Bullish trades should only be entered once the ATH is taken out. Early entry can be created with a proper R:R ratio. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Kotak Mahindra Bank - Range ConsolidationKotak Mahindra Bank Limited offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. Book Value Per Share: 562.55 Dividend Yield: 0.08 TTM EPS: 86.40 TTM PE: 21.12 P/B: 3.25 Sector PE: 25.38 Positives: Company with high TTM EPS Growth Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Growth in Net Profit with increasing Profit Margin (QoQ) Increasing Revenue every Quarter for the past 4 Quarters Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE Brokers upgraded recommendation or target price in the past three months Decrease in NPA in recent results Mutual Funds have increased holdings from 9.45% to 9.63% in Sep 2023 qtr. Negatives: Declining Net Cash Flow: Companies not able to generate net cash Seems to be overvalued vs the market average Lagging behind the market in financials growth Net Profit TTM Growth % - Low in industry Price to Book Ratio - High in industry Promoters have decreased holdings from 25.94% to 25.93% in Sep 2023 qtr NOT A RECOMMENDATION. JUST FOR EDUCATION.
NSE:KOTAKBANK
by babutaaniket
Colpal Double Top Breakdown: Navigating Short PositionsColpal broke the neckline following the formation of a double top , signaling a potential bearish trend. We've initiated short positions based on this pattern. Please note, that the provided chart includes details such as entry points, stop-loss levels, re-test zone, and target levels. However, trading involves risks, and these are speculative predictions. It's crucial to conduct thorough research, consider your risk tolerance, and, if necessary, consult with a financial advisor before making any trading decisions. The market is dynamic, and outcomes may vary. Trade responsibly.
NSE:COLPALShort
by iamrk7
NIFTY Intraday Trade Setup For 10 Jan 2023NIFTY Intraday Trade Setup For 10 Jan 2023 Bullish-Above 21725 Invalid-Below 21675 T- 21855 22015 Bearish-Below 21490 Invalid-Above 21540 T- 21625 21150 NIFTY has closed almost on a flat note with minor gain of 0.15% gain, all contributed via gap up. As per previous day analysis we planned a pullback short in case of a flat/gap up opening. Sell triggered @ 21660 and and made a low of 21595 which was 1:1, later it reversed and hit sl. Index is broadly trading in the range of 21850 and 21490 since last 3 sessions. One directional move will come on this 360 points range breakout. Tomorrow we will simply plan trade on today's range breakout. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21725 then we will long for the target of 21855 and 22015. For selling we need a 15 min candle close below 21490. T- 21325 and 21150. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY prediction for tomorrow 10 Jan 24As we discussed, Nifty has been moving in a sideways range-bound market in the range of 21500 and 21750. right now, it is on a support line. If it breaks to the downside, it can achieve a nice bearish target. But as we can see, it had formed an insider candle in the time frame. According to the OI data, PCR is 0.65 overall. The market has shown a bearish structure for the past 3 days. There are higher chances to break it to the downside. If it breaks to the downside, I am expecting it to fall nicely; otherwise, I will be playing range-bound Selling options. Reasons: Price < EMAs shows the bearish market. If it falls, a good target can be achieved. (Bearish) RSI has dropped to the bearish zone (<40), which shows very weak bulls in the market. (Bearish) OI data shows PCR = 0.65, which is assumed to be the bearish market condition. Today, CE was added in large quantities, which can be seen in the daily OI change. There is a huge CE writing on levels 21600, 21650, and 21700. (Bearish) 21500 is MAX PAIN. If it breaks to the downside, a good fall can be seen in nifty till the level of 21120. (Bearish) At the time of fall, volume is quite high today, but once it came to support a good volume of CE unwinding (Bearish) Verdict: Bearish Plan of action: Bearish if it Breaks the 21500 level to the downside; otherwise, wait for PA at 21500. Note: PA = Price Action
NSE:NIFTYShort
by finnova_
DEN Network - Multiyear BreakoutDEN Networks Limited is a cable television distribution company. The Company is engaged in distribution of television channels through analog and digital cable distribution network and provision of broadband services. TTM EPS: 5.71 TTM PE: 8.25 P/B: 0.75 Face Value: 10 Mkt Cap (Rs. Cr.): 2,247 Sector PE: 30.81 Book Value Per Share: 63.15 Positives: Strong Momentum: Price above short, medium and long term moving averages Company with high TTM EPS Growth Growth in Quarterly Net Profit with increasing Profit Margin (YoY) Company with No Debt Book Value per share Improving for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Near 52 Week High Stock with Low PE (PE < = 10) RSI indicating price strength High Volume, High Gain Negatives: Inefficient use of capital to generate profits - RoCE has declined in the last 2 years Decline in Net Profit with falling Profit Margin (QoQ) NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:DENLong
by babutaaniket
Vedanta Ltd. - Demand ZonesNSE:VEDL is a global diversified natural resource company operating across segments which are Copper; Aluminium; Iron Ore; Power; Zinc, Lead and Silver; Oil and Gas, and Others. TTM EPS: 23.65 TTM PE: 8.84 P/B: 0.94 Mkt Cap (Rs. Cr.): 77,689 Dividend Yield: 48.56 Sector PE: 6.57 Book Value Per Share: 222.49 My Opinion: Vedanta, once soaring at an all-time high of 298, now faces a significant decline. The immediate demand zone lies between 175 and 150, where investors are eyeing a potential rebound. However, the next crucial support level stands at 122, serving as a critical turning point. As the stock navigates these challenging waters, investors must exercise caution and conduct thorough research before making decisions. Market sentiment and company fundamentals will play a crucial role in determining Vedanta's future trajectory. Keep a close watch, as opportunities may emerge amidst the volatility. Recommendated: I do recommend reading about Vedanta's Bond Repayment which is due in January 2024. Vedanta is still exploring the ways for the repayment. Also Moody's downgrade of Vedanta Resources' corporate family rating to Caa2 is a factor to consider before making any decision. Here I would like to reflect upon some learning aspects that can help in decision-making: Accumulating volume near a demand zone suggests that there is increasing buying interest and potential support for the stock in that price range. When traders and investors perceive a particular price range as a demand zone, they anticipate that the stock's price may find support and possibly reverse its downtrend. If the volume of trading activity is increasing within this demand zone, it indicates growing investor confidence in the stock's value at that price level. This can be seen as a positive sign, as it suggests that buyers are accumulating shares, possibly with the expectation of a price increase in the future. However, it's essential to consider other factors such as market sentiment, news, and overall market conditions before making investment decisions solely based on accumulating volume. NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:VEDL
by babutaaniket
CESC - Cup and Handle BreakoutCESC Limited is an integrated electrical utility and holding company. The Company is engaged in the generation and distribution of electricity across approximately 570 square kilometers of licensed area in Kolkata and Howrah, West Bengal. TTM EPS: 10.92 TTM PE: 8.99 P/B: 1.20 Face Value: 1 Mkt Cap (Rs. Cr.): 13,017 Dividend Yield: 4.58 Sector PE 17.62 Book Value Per Share: 82.30 Positives: Strong Momentum: Price above short, medium and long-term moving averages New 52-week high today Increasing Revenue every quarter for the past 2 quarters Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Negatives: MFs decreased their shareholding last quarter Inefficient use of capital to generate profits - RoCE declining in the last 2 years Inefficient use of shareholder funds - ROE declining in the last 2 years Inefficient use of assets to generate profits - ROA declining in the last 2 years Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years Declining Net Cash Flow: Companies not able to generate net cash NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:CESCLong
by babutaaniket
IOC - Add to WatchlistIndian Oil Corporation Limited is engaged in refining business. The Company's segments include Sale of Petroleum Products, Sale of Petrochemicals and Other businesses. TTM EPS: 17.36 TTM PE: 5.43 P/B: 1.00 Mkt Cap (Rs. Cr.): 133,022 Dividend Yield: 3.19 Sector PE: 30.01 Book Value Per Share: 94.73 Some Positives: Strong Momentum: Price above short, medium and long term moving averages Growth in Net Profit with increasing Profit Margin (QoQ) Increasing profits every quarter for the past 3 quarters Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Recent Results : Growth in Operating Profit with increase in operating margins (YoY) Some Negatives: MFs decreased their shareholding last quarter Inefficient use of shareholder funds - ROE declining in the last 2 years Declining Revenue every quarter for the past 4 quarters Declining Net Cash Flow : Companies not able to generate net cash My Opinion: I am positive on PSU Oil and Gas. NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:IOC
by babutaaniket
2
KCP - Breakout CandidateThe KCP Limited is engaged in cement, engineering, power and other businesses. Market Capitalization Cr: 1,726.3 Price to Book: 1.1 PE TTM: 30.9 PEG TTM PE to Growth: -0.51 Price to Book Value: 1.14 Oper Rev Qtr Cr: 31.4% Net Profit Qtr Cr: 21.4% 1Yr Beta: 1.14 RSI: 69.1 Positives: Quarterly Net profit rose 21.47% YoY to Rs 30.31 Crores. Its sector's average net profit growth YoY for the quarter was 56.47%. Quarterly Revenue rose 31.38% YoY to Rs 757.27 Crores. Its sector's average revenue growth YoY for the quarter was 16.43%. Price to Earning Ratio is 30.95, lower than its sector PE ratio of 53.86. Annual Revenue rose 6.77%, in the last year to Rs 2,292.08 Crores. Its sector's average revenue growth for the last fiscal year was 19.46%. Strong Momentum: Price above short, medium and long term moving averages Company with Low Debt Increasing Revenue every quarter for the past 3 quarters Book Value per share Improving for last 2 years Company with Zero Promoter Pledge Near 52 Week High Negatives: Inefficient use of shareholder funds - ROE declining in the last 2 years Decline in Net Profit with falling Profit Margin (QoQ) Declining Net Cash Flow : Companies not able to generate net cash Major fall in TTM Net Profit NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks
NSE:KCPLong
by babutaaniket
CHENNPETRO - Multi-year BreakoutChennai Petroleum Corporation Limited (CPCL) is a company, which offers high speed diesel (HSD) and motor spirit (MS). The Company operates in the downstream petroleum sector. TTM EPS: 116.21 TTM PE: 4.12 P/B: 2.39 Mkt Cap (Rs. Cr.): 7,126 Dividend Yield: 5.64 Sector PE: 30.01 Book Value Per Share: 200.57 Some Positives: Strong Momentum: Price above short, medium and long term moving averages Strong Annual EPS Growth New 52 week high today Effectively using its capital to generate profit - RoCE improving in last 2 years Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Company reducing Debt Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Stock gained more than 20% in one month Some Negatives: MFs decreased their shareholding last quarter Decline in Net Profit with falling Profit Margin (QoQ) Decline in Quarterly Net Profit with falling Profit Margin (YoY) Declining Net Cash Flow : Companies not able to generate net cash Major fall in TTM Net Profit Fall in Quarterly Revenue and Net Profit (YoY) Recent Results: Declining Operating Profit Margin and Net Profits (YoY) NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:CHENNPETROLong
by babutaaniket
1
Banknifty/Nifty analysis for 10th Jan 2024 for educational purpBanknifty/Nifty analysis for 10th Jan 2024 for educational purpose only This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor. YOUR QUERY - Trading analysis for tomorrow Nifty price action analysis Nifty bank nifty analysis Nifty option chain analysis for tomorrow Monday bank nifty analysis Bank nifty daily analysis Nifty analysis for tomorrow Option trading daily analysis Bank nifty weekly analysis Bank nifty analysis for Monday Nifty prediction and bank nifty analysis Tomorrow market prediction Nifty open interest analysis tomorrow Nse option chain analysis Daily option chain analysis Nifty option chain analysis for tomorrow Option chain analysis Today option chain analysis Option chain analysis for tomorrow Nifty trader option chain analysis Today nifty option trading Nifty trader option chain analysis Today nifty opening prediction Nifty post market analysis Morning nifty prediction Bank nifty post market analysis @vijayanjum #nse #nsebse #Nifty #niftyfifty #bankniftytrading #nfitybank #niftypredictionfortomorrow #niftyoptions #NiftyBank #nifty50 #nifty500 #niftytomorrow #niftytoday #NiftyCE #bankniftyoptions #sensex #sensexindia #sensextoday #bankniftytips #bankniftyanalysis #bankniftytrading #bankniftyoptions #finnifty #bankniftystrategies #niftystrategies #bse#bseindia #bsesensex #nsenifty #nsebse #nseindia #STOCKMARKETEDUCATION #STOCKMARKETUPTODATE #STOCKMARKETTODAY #stockmarkets #tommorrowMarketPrediction #nfityoutlookfornextweek #bankniftyoutlookfornext week #bankniftyoutlookformonday #niftyforecast #bankniftyforecast #niftyshareprice #bankniftyshareprice #tommorrowniftyprediction #tommorrobankniftypredicton #niftytargettommrrow #bankniftytargettommrrow #bankniftylive #banknifty #bankniftyoptions #bankniftystrategies #bankniftyfuture #bankniftyoptionstrategy #bankniftycalls #bankniftyintraday #bankniftylivetrading #bankniftyweeklyexpiry #bankniftycrash #bankniftytomorrow #bankniftypredictions #bankniftychart #bankniftytips #bankniftypremium #bankniftyoptions #bankniftyfuture #bankniftytomorrowprediction #bankniftyoption #niftyweeklyexpiry #stockmarketinindia #derivatives #niftypredictions #niftytips #bank nifty analysis, #bank nifty prediction for tomorrow, #bank nifty analysis #bank nifty tomorrow, #nifty prediction for tomorrow, #nifty prediction, #nifty analysis, #banknifty tomorrow, #bank nifty tomorrow analysis, #nifty tomorrow, #bank nifty analysis for tomorrow, #nifty analysis for tomorrow, #stock market crash, #stock market latest news today, #bank nifty live, #live trading bank nifty, #nifty live trading, #live trading, #bank nifty live trading #OPTIONS #OPTION #optionbuying #optiontrader #optionselling #optiontrading #optionstrategey #optioncall #optionput #optionexpiry
NSE:BANKNIFTY
by vijayanjum
NIFTY Intraday Trade Setup For 09 Jan 2023NIFTY Intraday Trade Setup For 09 Jan 2023 Sell_1- From 21660 Invalid-Above 21710 T- 21550 21400 Sell_2- Below 21490 Invalid-Above 21540 T- 21325 21160 NIFTY has closed on a bearish note with 0.91% cut today. It was bearish since starting and ended the day at day low. Sell triggered below 21620 as per trade setup which hit our 1st target (21620-21493). Bearish stance will continue tomorrow below today's low. Major hourly support lies near 21280- 21300. Will look for bullish reversal from this zone in 5 Min TF. Incase this support is not held then we may test 21160 which is less probable. Incase it opens flat or gap up 21660 will be intraday resistance. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 21490 then we will short for the target of 21325 and 21159. 2nd sell can be considered from 21660. T- 21550 21400. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
4