FINNIFTY LEVELS 16TH OCTOBER 2023

Dear Friends,

Fin-Nifty Important Levels :

Last Traded Price- 19797

Immediate Resistance- 19880-19864

Immediate Support- 19812-19795

Target after Breaking Resistance:

Target 1 : 19936-19925

Target 2 : 19971-19984

Target after Breaking Support:

Target 1 : 19747-19730

Target 2 : 19681-19668

NOTE:

1: The candle which has broken resistance or support, let it close before taking trade. This way you can avoid traps and fake breakouts.

2: The price always tends to return to 20 EMA. Hence if the price is very far from 20 EMA, it may come back to the EMA rather than going further away from EMA.

3: Trade using 15 minutes, 5 minutes or 3 minutes candles. Higher the time frame of candle, higher is the accuracy. Do maintain a minimum 1:2 risk-reward ratio.

Hope the levels stand strong tomorrow.

Happy Trading !!

Only for Educational Purposes.