FINNIFTY LEVELS 12TH OCTOBER 2023

Dear Friends,

Finance Nifty Important Levels

Last Traded Price- 19333

Immediate Resistance- 19880

Immediate Support- 19771

Target after Breaking Resistance:

Target 1 :19978

Target 2 : 20031

Target after Breaking Support:

Target 1 :19825

Target 2 : 19775

NOTE:

1: The candle which has broken resistance or support, let it close before taking trade. This way you can avoid traps and fake breakouts.

2: The price always tends to return to 20 EMA. Hence if the price is very far from 20 EMA, it may come back to the EMA rather than going further away from EMA.

3: Do maintain a minimum 1:2 risk-reward ratio.

Hope the levels stand strong tomorrow.

Happy Trading !!

Only for Educational Purposes.