Nifty - View & Intraday Levels for 09 Nov 2022
Nifty Intraday levels for Tomorrow..
Expectation : Gap Up Open is expected around 18300, Market sentiment is strongly Bullish until 18500.
Nifty likely to Open with Big Gap Up, If opens above previous day high and any pull back to previous day high / 18260 support zone we can look for long entry with Price action confirmation. If PDH is compromised next support is 18180. Nifty Strong close above 18308 will take us to Target 1 & 2 levels.
Any breakout below 18180 we can expect lower targets or Nifty would trade in Range.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Expectation : Gap Up Open is expected around 18300, Market sentiment is strongly Bullish until 18500.
Nifty likely to Open with Big Gap Up, If opens above previous day high and any pull back to previous day high / 18260 support zone we can look for long entry with Price action confirmation. If PDH is compromised next support is 18180. Nifty Strong close above 18308 will take us to Target 1 & 2 levels.
Any breakout below 18180 we can expect lower targets or Nifty would trade in Range.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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