Tecnical
Support and Resistance part 2In technical analysis, support and resistance refer to price levels on a chart where the market's movement is expected to pause or reverse due to the forces of supply and demand. Support is a price level where the price has historically stopped falling, indicating that buyers are plentiful at that price point, and that the market is likely to bounce back upwards. Resistance, on the other hand, is a price level where the price has historically stopped rising, suggesting that sellers are abundant and the market is likely to fall back down.
Nifty Level For Tomorrow ( Price Action Analysis),IF MARKET OPEN 15690 AND TAKING SUPPORT THEN GO LONG UPTO 1574.
IF MARKET BREAK THIS LEVEL THATS IS 15690 THEN GO SHORT For 50-80 Point Down
Or
IF Market Open on 15748 then Go Short For 100 Point Down If LEVEL BREAKS THEN CONTINUE
IF mARKET GO SIDE WAYS THEN DONT TRADE IF LEVEL BREAKS THEN TAKE TRADE
MAJOR RESISTANCE:- 15750, 15900
MAJOR SUPPORT :- 15680 ,15600 ,15531
ALL Advice is given for Educational Purpose
Analysis Based on Purely Price Action.........