NIFTY 50 analysis for Tuesday ❗

Hii Traders 😊 ,

Welcome to NIFTY 50 Futures and options analysis for intraday trading ......................



🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker

🛑 Currently it is trading above 21Day ,50 Day, 100 Day moving averages


🎯 Key levels to watch out intraday levels for day trader

🛑 Major resistance zone for Nifty is at 17760-17790

◽ If market breakout resistance zone then we can see Target of 17880 as first target (if we see the Option chain data here 17800 CE holds more short position and next strike is 18000CE)

◽ Stop loss for this level is 17700


🛑 Major support level for Nifty 50

◽ Support level for nifty lies at 17530-17500

◽ If breakdown happens we can see the 1st Target of 17400
◽ stop loss ie .17580



🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout our resistance


◽ Don't short the market until below the 17500

◽In between range is indecisive don't go long or short anything can happen


🛑 Tradeshots

◽ Resistance level for CE buyers /option buyers is at 17760-17790
◽ support zone to buy PUT / PE is at 17530-17500
◽ Nifty will be weaker on intraday basis below the 17500


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