- . as we know NIFTY breakout 18000 level and get short from the 18050 level , and there is an long wick rejection in Nifty we can see this on Day frame chart
- Nifty as to sustain above / close above 18000 level for further move -Currently it is trading above 21Day ,50 Day, 100 Day moving averages - - WEEKLY pivot point is at 17800
π Key levels to watch out for intraday traders :- - resistance is at 18000 - 18050 (here we can see ( option chain) more short positions were holding at 18000 CE) with SL of 17950 18100 - 18150 we can see as the target after breakout
- support level is at 178700 - 17840 with the SL of 17950 17740 we can see as target after breakdown
π NIFTY futures levels will be same - go long only above 18000 - 18100 - short the market below 17800
if you like it do follow for more , have a nice day
π one important message to tell you guys π Caution - Both FII's and DII's were pulling their money from market - But still market is raising means retailers were taking market for record high - stay light with quantity - there's short term correction in market
π Caution
- Both FII's and DII's were pulling their money from market
- But still market is raising means retailers were taking market for record high
- stay light with quantity
- there's short term correction in market