Nifty weekly expiry levels for 04/01/24

업데이트됨

Nifty is currently sitting on the support of 38.2% fib level and it is a good support for the index.

This is the third time the support is being tested. If there is a break down of the levels 50% anf 61.8% levels can be tested on the expiry day.

Major support levels :- 21420, 21300

If there is a flat or gap up opening wait for the bearish price action as market is in bullish trend on daily time frame.

Bullish trades only above 21585 with a targets of 21690 and 21830.

Wait for the price action near the levels before entering the market.

노트

Nifty gave a nice up move even after a gap up opening and gave the upside target during the last hour.

It has recovered but still is around 50% fib level.

Upside resistance levels :- 21750, 21820

Watch the price action near 21690 and trade only once the levels is taken out.

There is a formation of a morning star on the daily charts. If the pattern works out is can take out the ATH.