FinNifty intraday levels for weekly expiry 12/03/24.
FinNifty has closed 140 points lower after a consolidation on the higher levels.
Tomorrow is weekly expiry of the index and there are chance of markets holding the higher levels.
It has taken a good support from the support zone around 20830 and closed near the zone.
Major support levels :- 20800, 20720
Market on the higher time frame is in a bullish trend and there are chance of market reverting after retesting the lower levels
If there is a gap down opening in the market below 20800, there is chance of test the lower support zone and recovering in the second half.
In case of a flat to gap up opening, price action will be crucial and confluence with the other indices should be taken for confirmation.
Resistanc levels :- 20940, 21030
Wait for the price action near the levels before entering the market.
Tomorrow is weekly expiry of the index and there are chance of markets holding the higher levels.
It has taken a good support from the support zone around 20830 and closed near the zone.
Major support levels :- 20800, 20720
Market on the higher time frame is in a bullish trend and there are chance of market reverting after retesting the lower levels
If there is a gap down opening in the market below 20800, there is chance of test the lower support zone and recovering in the second half.
In case of a flat to gap up opening, price action will be crucial and confluence with the other indices should be taken for confirmation.
Resistanc levels :- 20940, 21030
Wait for the price action near the levels before entering the market.
