Nifty Intraday levels 03/Oct/2023

3 Okt 2023

Good Morning Traders,

Nifty has formed a bullish harami candlestick pattern in Daily timeframe. This is a indication of bullishness in market, According to this pattern price has to move in upward direction but as Global market is looking really bearish, might be we can see nifty in some lower range in today's session, Gift Nifty also suggesting a Gap down opening. But chances are high we can see buying in our market. Well if Nifty is unable to sustain 19500 levels in closing basis, then we can definitely expect nifty towards 19200 levels in coming day's.

Important levels for Nifty:-

Strong support zone 19500
Strong resistance zone 19800

Buy above 19741, if levels sustains at least for 30 Mints.
Targets we can see in upside 19841/19906
Keep stop loss at 19605

Sale below 19605, if levels sustains at least for 30 Mints.
Targets we can see in downside 19553/19496
Keep stop loss at 19741

Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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