Nifty Intraday Trade Setup | 3rd MarExpectations: Volatile movement
SGX Indicating a gap-up opening, adjusted the levels as per gap-up opening.
Intraday Levels:
Buy Above - 17430
Sell Below - 17380
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#Nifty"Trading day, March 2nd: The global market is indicating a negative start. Its structure is moderately bullish, but it may open with a gap-down. If the initial market experiences a pullback of around 38%, we can expect a continuation of the pullback with minor consolidation. On the other hand, if the initial market experiences a sharp decline, we can expect a correctional wave that may reach a minimum of 61% to 78%."
Nifty One Hour Chart Analysis For Intraday Trading NIFTY CONFIRM TARGETS FOR 13 FEB 2023
Weekly Expiry on 16 Feb 2023
10 Feb 2023 End Of Day Nifty Chart Analysis with Perfect Support and Resistance for Intraday Trading
India Vix Closing – 12.74
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 17815 - 17825
Second Support Zone For nifty50 – 17710 - 17725
Third Support Zone For nifty50 – 17620 - 17630
Resistance Zones For nifty Intraday Trading
First Resistance Zone For Nifty – 17934 - 17947
Second Resistance Zone For Nifty – 18020 - 18030
Third Resistance Zone For Nifty – 18170 - 18180
NIFTY OPTION CHAIN CONCLUSION
PCR ratio as per Option Chain Analysis – 0.89 ( BEARISH )
Max Pain As per Option Chain Analysis – 17850
Major Support as Per Nifty Open Interest Analysis – 18000
Major Resistance as Per Nifty Open Interest Analysis – 17600
If Nifty CloseAbove Budet Day High Market Will Turn Bullish as Per Technical Analysis
next Major Resistance for Nifty is 18200
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#NIFTY Intraday Support and Resistance Levels - 07/02/2023Nifty will be slightly gap up opening in today's session. The expected opening above the 17800 level and the 17800 to 17850 level is the consolidation range and if nifty breaks the 17850 level this level then the possible upside go up to 17950+ in today's session. in case nifty trades below the 17800 level than possible downside rally up to 100-200 points.