Nifty - Intraday Levels for 27 Oct 2022

Nifty Intraday levels for Tomorrow..

Expectation : Gap Up Open - Any breakout above 17770 BULLISH trend we can expect, otherwise its BEARISH

Nifty likely to Open Gap Up around 17750 resistance zone, if sustains above 17770 we can expect Up move and possibly Target 1 will be tested. If any rejection around 17770 level we can see down move probably previous day low will tested. Expiry close can be around 17700 level.

Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.

For quick scalping, 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!!