Nifty - View & Intraday Levels for - 19 Jan 2023(Expiry Special)
Nifty View and Support & Resistance Levels for Tomorrow..
Expectation : BULLISH / Positive Sentiment - Flat / small Gap Up Open around 18150 and we can see pull back to CPR 18127 then Rally up to 18250. In between we have resistance where Nifty will take a pause and consolidate for some time. Being expiry Premium decay will be high. So dont rush to take entry.
Tomorrow we can expect BULLISH move in the first half and fall during 2nd Half. My plan is going short after 1:30 Pm
However I still see Negative sentiment in Nifty , so once 18250 is tested probably reversal can be seen since the Major trend is BEARISH until Nifty closes Strongly above 18270.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Expectation : BULLISH / Positive Sentiment - Flat / small Gap Up Open around 18150 and we can see pull back to CPR 18127 then Rally up to 18250. In between we have resistance where Nifty will take a pause and consolidate for some time. Being expiry Premium decay will be high. So dont rush to take entry.
Tomorrow we can expect BULLISH move in the first half and fall during 2nd Half. My plan is going short after 1:30 Pm
However I still see Negative sentiment in Nifty , so once 18250 is tested probably reversal can be seen since the Major trend is BEARISH until Nifty closes Strongly above 18270.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
