1. Support and Resistance Levels for the Next Trading Day: Daily Chart: Resistance is around 52,000 (close to the high of today's candle). This zone may act as an immediate hurdle if the price opens near this level. Support is near 51,500-51,600. If the price pulls back, this level could provide support based on previous price actions. 5-Minute Chart:...
Support and Resistance for !3 Sep 2024, Trading Day Immediate Support: 51,010 (based on recent price pullbacks visible on the 5-minute chart). Immediate Resistance: 51,900–52,000 (tested towards the end of the session and aligned with previous swing highs from the daily chart). Trading Day Scenario (13th September 2024) Opening: The market is likely to open...
1. What was Today's Scenario? The market moved down today. This is evident from the 5-minute chart showing a consistent downward trend throughout the trading session. 2. What level of support and resistance exists on Next Trading Day? Based on the daily chart: • Support Level: Around 50,800 (previous low) • Resistance Level: Around 51,400 (previous high) 3....