Expectation : BEARISH / Trending Move
BULLISH View: (Only above 18212)
If any Gap open and sustains above 18150 we can expect 18162 will be tested immediately there after if any strong rejection reversal towards Down side is possible.
Incase of Weakness at Supply zone we can expect sideways move between 18140 and 18200 then Rally will continue.
Alternate BEARISH view:
If 18115 compromises and Nifty closes below then Down fall is expected until 18019 Target 1 will be tested. If this is also taken out sharp fall may expected.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers 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!!
BULLISH View: (Only above 18212)
If any Gap open and sustains above 18150 we can expect 18162 will be tested immediately there after if any strong rejection reversal towards Down side is possible.
Incase of Weakness at Supply zone we can expect sideways move between 18140 and 18200 then Rally will continue.
Alternate BEARISH view:
If 18115 compromises and Nifty closes below then Down fall is expected until 18019 Target 1 will be tested. If this is also taken out sharp fall may expected.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers 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!!
