Nifty50 rose by 119 points yesterday based on good quarterly results of heavyweight banking stocks ICICI and HDFC. SBI and Reliance also contributed moderately to this rally.
Today the market is expected to be in the range 17900 on the upper side and 17600 on the lower side.
Resistance: 0.80 CR Call OI buildup @ 17800 level
PROFIT BOOKED 1:3.5💯💯
Used 5min Time-frame for Trading
Yesterday I gave my levels and setup for trade.
But as today market opened gap up, I updated new Levels.
Kindly check my Yesterday post pinned below.I have updated new levels in morning as market opened gap up
Used past analysis to find support and resistance level on 15min time frame.
On 5min Time-frame...
Nifty50 Intraday Analysis NSE:NIFTY
Kindly change to 5min Time-frame
As on chart we can see there is RED LINE= Resistance.
GREEN LINE= INTRADAY HIGH=SUPPORT
On 29 Aug market opened huge downside then traded due to fall in DowJones. HENCE NO TRADE FOR TODAY
CONDITION FOR TRADE::
BUy ABOVE 17382
SELL BELOW 17280