Nifty - Intraday Levels for 18 Oct 2022

17 באוק׳ 2022

Nifty Intraday levels for Tomorrow..

Expectation : Flat to Small Gap up Open - Bearish Reversal

Nifty likely to Open Flat or Small Gap up around 17400. There is a strong resistance zone at 17420 where we can short Nifty. If CPR is compromised, lower targets are possible.

Any breakout above 17440 we can expect Target 1 will be tested.

Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.

For quick scalping, 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!!