NETWORK18 1 Day Time Frame

📊 Key daily levels to watch

Here are approximate levels based on recent data:

Support: around ₹47.50-₹48.00 region (the near lower band)
Resistance: around ₹50.00-₹52.00 region — a near barrier if the stock tries to bounce.
Pivot/central reference: ~ ₹48.15 (classic pivot) for the day.

📌 Interpretation for a Day Trader

a) If price remains above ~₹48.00 and holds, that level may act as a short-term base.
b) A decisive break above ~₹49.50-₹50.10 with good volume could open a short relief move towards the next resistance zone.
Conversely, a break below ~₹47.50 would signal risk of deeper downside and may invalidate the c) short-term support.
d) Because the trend/indicator setup is weak (daily technicals show “Strong Sell” for daily timeframe), any long trade should be cautious and risk-managed.