#NiftyThe global market is indicating a negative start, but the market nature is bullish. It may open with a gap-down, but if the market takes a sharp pullback, the previous rally is likely to continue. On the other hand, if the market declines sharply without any pullback, it could reach a minimum of a 61% to 78% Fibonacci correction.
Niftyintraday
Nifty Key Levels for Expiry Day Trading NIFTY SUPPORT AND RESISTANCE FOR F&O DAY TRADING 09 feb 2023
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 17710 - 17720
Second Support Zone For nifty50 – 17620 - 17630
Third Support Zone For nifty50 – 17445 - 17458
Resistance Zones For nifty Intraday Trading
First Resistance Zone For Nifty – 17880 - 17890
Second Resistance Zone For Nifty – 17934 - 17947
Third Resistance Zone For Nifty – 18020 - 18030
Nifty chart for 08 Feb 2023The index is trading within a down channel.
During intrday Nifty gave a sharp recovery from day's low and closed mildly in red.
For the day I am expecting an upmove above 17850 with maximum potential target of 18008.
On the flip side breaking below 17650 till create intraday selling pressure.
FASP levels for Nifty 08/02/2023The FASP for Nifty is listed for 08-02-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
FASP levels for Nifty 07/02/2023The FASP for Nifty is listed for 07-02-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.