Nifty Intraday Levels 24-OCT-2024, Sell Trend Continue
Today Nifty also reversed near "Reaction Area", we can consider that area as resistance.
Nifty is now trading away from selling area and a pullback is possible from buyer side. Only "Resistance Area" is the most safest place to sell in nifty.
Wait for the price pullback and sell only when price is reversing from selling zone "Resistance Area" Near 24520.
If price is waiting near today closing price and making 3-4 candles in 5 min timeframe then breakdown. We can also sell after that but first wait for the buyers to come and defend the price.
Note: Its just an analysis, wait for the price to confirm.
Disclaimer: Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
Nifty is now trading away from selling area and a pullback is possible from buyer side. Only "Resistance Area" is the most safest place to sell in nifty.
Wait for the price pullback and sell only when price is reversing from selling zone "Resistance Area" Near 24520.
If price is waiting near today closing price and making 3-4 candles in 5 min timeframe then breakdown. We can also sell after that but first wait for the buyers to come and defend the price.
Note: Its just an analysis, wait for the price to confirm.
Disclaimer: Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
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