Nifty - View & Intraday Levels for - 12 Jan 2023

Nifty View and Support & Resistance Levels for Tomorrow..

Expectation : BEARISH / Negative Sentiment - Flat Open around 17900 and BEARISH Reversal expected from 17930 / 17970 levels. Being Expiry tomorrow more volatility is expected on either side.

I still see Negative sentiment in Nifty , so only SELL on raise mode tomorrow since the Major trend is BEARISH .

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!!