- . as we know NIFTY breakout 18000 level and get short from the 18050 level , and there is an long wick rejection in Nifty we can see this on Day frame chart
- Nifty as to sustain above / close above 18000 level for further move
-Currently it is trading above 21Day ,50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 17800
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18000 - 18050 (here we can see ( option chain) more short positions were holding at 18000 CE)
with SL of 17950
18100 - 18150 we can see as the target after breakout
- support level is at 178700 - 17840
with the SL of 17950
17740 we can see as target after breakdown
🛑 NIFTY futures levels will be same
- go long only above 18000 - 18100
- short the market below 17800
if you like it do follow for more , have a nice day
