Here are the levels for nifty to trade tomorrow intraday. Nifty formed a inside candle on daily TF. 17700 is acting as strong support if it breaks then we can see a short covering move downside. and if the price breaks the trendline and the support marked in green colour zone we can see a upside move. on 1Hr TF still the double bottom pattern is valid. and on daily TF 20EMA is present plot it on chart.
for long trades if the price breaks the both the trendline and the support then on the pullback we can take the long trades, and take the target at 17950 level.
for the short trades if the price breaks the day low at 17700 level which is acting as a strong support then on the retest we can take entry with strict stoploss.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
for long trades if the price breaks the both the trendline and the support then on the pullback we can take the long trades, and take the target at 17950 level.
for the short trades if the price breaks the day low at 17700 level which is acting as a strong support then on the retest we can take entry with strict stoploss.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.