Nifty intraday levels for today 26/Sep/2023

26 сент. 2023 г.

Good Morning Traders.

Nifty has formed a dogi kind of pattern, seems indecisiveness among bulls and bears abt near term. OI is suggesting that 19600-19500 will be near term support, and 19800 can act like strong resistance zone for nIfty. Global market is showing bearishness today, GIFT Nifty also suggesting a gap down opening in market. If i talk about trend in the market, Nifty can consolidate between 19500-19850 levels. Let's see what is going to happen, we will act according to our chart pattern.

Important levels for Nifty:-

Strong Resistance Zone 19800-19850
Strong Support Zone 19500-19550

Buy above 19725, if levels sustains at least for 15 Mints.
Targets we can see in upside 19784/19844
Keep stop loss at 19629

Sale below 19629, if levels sustains at least for 15 mints.
Targets we can see in downside 19566/19502
Keep stop loss at 19725

Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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