Nifty Trade Setup for 09-08-2023

Nifty important Intraday levels to watch are as follows

Expectations: Rangebound/Sideways day.

#Support: 19550

Sell below: 19550 only on 15 minute candle closure below the level. agressive sell below demand zone.
Target 1: 19510
Target 2: 19460

#Resistance: 19590

Buy Above: 19590 only on 15 minute candle closure Above the level agressive buy above supply zone.
Target 1: 19640
Target 2: 19680

#Demand Zone: 19530-19550 may act as a buying zone and price may bounce from the region marked in green on the chart.

#Supply Zone: 19630-19600 may act as a selling zone and price may reject from the region marked in red on the chart.


#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.

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ความคิดเห็น:

Successfully achieved target 1.
Low made 19467 after break of support and demand zone. 7 points away from our second target level.


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ความคิดเห็น:

What a bounce !!! Just playing the levels sooo smoothly !!

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

bounced back after achieving almost both targets on downside and hit target 1 on upside too !!

#had a great day !!
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