Nifty Midcap (09/04/2025) - Intraday Levels

Nifty Mid cap / Nifty Mid select
09/04/2025

Meaning "Long Trade" = Market expected to move up
Meaning "Short Trade" = Market expected to move down
Meaning "PDH" = Previous day High
Meaning "PDL" = Previous day Low

Analysis of the chart in 15mins Time Frame

"Resistance" 11,130 = This is a strong resistance zone since the huge gap down occurred from this price

"Support" 10,830 = This is a tentative support since the upward move on 08/04/2025 happened above the high of 07/04/2025

If 10,830 gets broken in intraday
The stop loss would be = PDL 10,905
1:2 risk reward ratio
Target (10,675)

Taking a trade after the setup is ready on a higher time frame candle is a safe way to trade.

Regards,
Uday

Disclaimer: I am not a SEBI registered analyst. The above information is only for educational purpose based on my years of experience. Please consult a financial advisor before investing.