Nifty View and Support & Resistance Levels for Monday..
Expectation : Moderately BULLISH / Negative Sentiment. (Volatile to Slightly BULLISH)
Nifty is Still BEARISH, However we can expect a Breakout retracement to test 17775 - 17875 levels. There after again Nifty will take reversal towards BEARISH side. As we have budget on Wednesday better avoid holding any positions or Hedge your positions.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Expectation : Moderately BULLISH / Negative Sentiment. (Volatile to Slightly BULLISH)
Nifty is Still BEARISH, However we can expect a Breakout retracement to test 17775 - 17875 levels. There after again Nifty will take reversal towards BEARISH side. As we have budget on Wednesday better avoid holding any positions or Hedge your positions.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
