A Pullback is possible in Nifty || Intraday levels 25/Sep/2023Good Morning Traders,
Nifty is trading at crucial support zone 19720-19620, if this levels get sustained then minor bounce back is possible. Well if nifty start trading above and sustained 19800 levels, then short covering is possible, as highest call writing seen at 19800 levels. Well guy's trade with carefully as market is highly volatile these days. Some momentum indicator has a positive crossover which indicates that a pull back can till 19850+ levels.
Important levels for Nifty:-
Strong support zone 19500-19550
Minor support zone 19620
Strong Resistance zone 19850-19880
Minor Resistance zone 19800
Buy above 19726, if levels sustains at least for 15 mints.
Targets we can see in upside 19799/19854
Keep stop loss at 19666
Sale below 19666, if levels sustains at least for 15 mints.
Targets we can see in downside 19570/19505
Keep stop loss at 19726
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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