FINNIFTY LEVELS 1st NOVEMEBER 2023
Dear Friends,
Fin-Nifty Important Levels :
Last Traded Price- 19204
Immediate Resistance- 19253-19265
Immediate Support- 19204-19192
Target after Breaking Resistance:
Target 1: 19315-19326
Target 2: 19378-19392
Target after Breaking Support:
Target 1: 19149-19136
Target 2: 19091-19087
NOTE:
1: For the candle that has broken resistance or support, let it close before taking a trade. This way you can avoid traps and fake breakouts.
2: The price always tends to return to 20 EMA. Hence if the price is very far from 20 EMA, it may come back to the EMA rather than going further away from EMA.
3: Trade using 15 minutes, 5 minutes, or 3 minutes candles. The higher the time frame of the candle, the higher is the accuracy. Do maintain a minimum 1:2 risk-reward ratio.
Hope the levels stand strong tomorrow.
Happy Trading !!
Only for Educational Purposes.
Fin-Nifty Important Levels :
Last Traded Price- 19204
Immediate Resistance- 19253-19265
Immediate Support- 19204-19192
Target after Breaking Resistance:
Target 1: 19315-19326
Target 2: 19378-19392
Target after Breaking Support:
Target 1: 19149-19136
Target 2: 19091-19087
NOTE:
1: For the candle that has broken resistance or support, let it close before taking a trade. This way you can avoid traps and fake breakouts.
2: The price always tends to return to 20 EMA. Hence if the price is very far from 20 EMA, it may come back to the EMA rather than going further away from EMA.
3: Trade using 15 minutes, 5 minutes, or 3 minutes candles. The higher the time frame of the candle, the higher is the accuracy. Do maintain a minimum 1:2 risk-reward ratio.
Hope the levels stand strong tomorrow.
Happy Trading !!
Only for Educational Purposes.
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