FIN NIFTY WEEKLY EXPIRY HOURLY GANN LEVELS CHART FOR 16/01/2024

15 Oca

Finnifty has closed at 21461.35 on day before expiry of 16/01/2024. Weekly strikes of 21400PE and 21500CE saw highest trades with closing at 25.60 and 54.00. On hourly chart today took initial support was 21349.00 in first two hours and the base shifted higher at the end of second hour. The higher support was seen at 21412.25 in the third and sixth hour. The resistance of the day was seen at 21475.55 on the 4th hour, 5th hour and last 15 min candle which is the 7th hourly candle on Trading View chart. So the range of the day is nearly 125 odd points.
21475 is the level to watch for trend continuation and on downside level is 21412.
21538 was earlier swing high to watch. Fall below 21412 may continue till 21350 levels.
Trade the levels given correctly for scalping as per your risk reward ratio.
Happy Trading !!!