Nifty is in rising channel pattern now at top of the channel if 22800 rejects or a gap down opens and sustains below 22650 Nifty can see 22550-22500 levels.Market is overbought a dip and resumes uptrend in my view.
Support are 22650-22675,22550-22500,22420,22380.
Resistance are 22800,22870,22900,22950,23000.
Note:-Mentioned Support&Resistance levels can act as reversal points.
Support are 22650-22675,22550-22500,22420,22380.
Resistance are 22800,22870,22900,22950,23000.
Note:-Mentioned Support&Resistance levels can act as reversal points.
Note
15 Mins chart for reference.Note
trendline support holding so far if sustains here might see 22800 to 22850 end of dayNote
Note
keep eye on breakdown of trendlne also if that lower levels mentioned in idea can acheiveNote
trendline breakdown retest done and fellNote
Trade closed: target reached
Note
For monday 22300 area is important support area if that voilates today or tommorow nifty might see 22000 to 21900 area again watch out for break down on support.Note
Note
22300 area took supportNote
Trade active
Trade closed: target reached
Adjusted stop loss a bit hereNote
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.