NIFTY MID SELECT GANN LEVELS WEEKLY EXPIRY 22 APR 2024

22 Nis

Mid select index has been a significant correction in from the ath. Friday bounce back was critical. Expiry volatility is a great opportunity for intraday traders who are on the right side of the markets. Index may see further recovery above 10740 levels. Level to watch on the downside is 10614. In between the two levels we may see consolidation. ATH is 11120 rounded off and swing low was 10054. A range of 1150 points nearly. We made a lower high at 11030... 2 weeks back and last week we corrected to a low of 10533. The midpoint of the current swing is 10590 and as long as we are above it chances of recovery are possible.
Intraday levels to watch for expiry 10682 and 10654. trades can be initiated on breakout of this range with usual stop loss as per risk profile.
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
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