Nifty weekly expiry levels for 04/01/24
Güncellendi
Nifty is currently sitting on the support of 38.2% fib level and it is a good support for the index.
This is the third time the support is being tested. If there is a break down of the levels 50% anf 61.8% levels can be tested on the expiry day.
Major support levels :- 21420, 21300
If there is a flat or gap up opening wait for the bearish price action as market is in bullish trend on daily time frame.
Bullish trades only above 21585 with a targets of 21690 and 21830.
Wait for the price action near the levels before entering the market.
This is the third time the support is being tested. If there is a break down of the levels 50% anf 61.8% levels can be tested on the expiry day.
Major support levels :- 21420, 21300
If there is a flat or gap up opening wait for the bearish price action as market is in bullish trend on daily time frame.
Bullish trades only above 21585 with a targets of 21690 and 21830.
Wait for the price action near the levels before entering the market.
Not
Nifty gave a nice up move even after a gap up opening and gave the upside target during the last hour.
It has recovered but still is around 50% fib level.
Upside resistance levels :- 21750, 21820
Watch the price action near 21690 and trade only once the levels is taken out.
There is a formation of a morning star on the daily charts. If the pattern works out is can take out the ATH.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.