Nifty 50 Analysis for 21Sept2023
Nifty 50 Options Trading Analysis for 21/09/23
Key Points:
Nifty 50 is likely to remain bearish in the short term, with support levels at 19980, 19800, and 19720.
Resistance levels are at 19954, 20045, and 20107.
If Nifty 50 breaks below 19866, more downside fall is possible.
If Nifty 50 breaks above 19954, it may face resistance at 20045 and 20107.
Trading Strategy:
Long: Traders can go long in Nifty 50 options if it breaks above 19954 with a stop loss below 19866.
Short: Traders can
Long