Nifty Tradesetup for 06-10-2023

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Nifty important levels to watch are as follows

#Support: 19520

Sell below: 19520 only on 15 minute candle closure below the level.
Target 1: 19430
Target 2: 19340


#Resistance: 19576

Buy Above: 19576 only on 15 minute candle closure Above the level.
Target 1: 19630
Target 2: 19720




=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.

=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.



=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.

=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.

=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.




#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
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gap up opening ! stay cautious ahead of RBI policy
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an upside momentum can be expected if nifty 5 min candle manages to close above day high marked in yellow dashed line.
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