🔰 Educational Purpose
Nifty💚
Date- 24-08-2021
Yesterdays High 16592 and Low 16395, thats why told you play on Support resistance level.
🔰 Intraday View:-
♻️ Flat Opening
-Below 16470 (5min candle closing) downside up to 16440 16400
-Above 16535 closing will lead further 16560 16580 level
♻️ Gap Up-above 16535
Try to buy near 16500 with strict 30 points Sl.
♻️ Gap Down -(Below 16470)
Downside opens 16420 16380
Note-
-Put strict SL loss.
- If take trade at right point then your 20-30 points cash SL is also enough.
- Take trade on candle Closing basis
Nifty💚
Date- 24-08-2021
Yesterdays High 16592 and Low 16395, thats why told you play on Support resistance level.
🔰 Intraday View:-
♻️ Flat Opening
-Below 16470 (5min candle closing) downside up to 16440 16400
-Above 16535 closing will lead further 16560 16580 level
♻️ Gap Up-above 16535
Try to buy near 16500 with strict 30 points Sl.
♻️ Gap Down -(Below 16470)
Downside opens 16420 16380
Note-
-Put strict SL loss.
- If take trade at right point then your 20-30 points cash SL is also enough.
- Take trade on candle Closing basis
If you are smart enough and take your position at right time then you will get min 1:3 risk reward and maximum 1:5 on just holding it patiently.
Beauty of Technical analysis.