Nifty Intraday levels 22/August/23

22 авг. 2023 г.

Good Morning Traders, Yesterday Market has taken support in lower important support zone, and after that given a fruitful recovery, Well guy's until downward slopping channel did not got breakout till then we will just wander inside the descending triangle pattern. Yesterday American Market also has done good, Dow has recovered almost completely till day's end and Nasdaq given closing +1.56%. Today Asian Market looking mix to bullish. Let's see how our Market going to react in today's session.

Important levels for Nifty:-

#Important Support Zone 19255-19275
#Resistance Zone 19435-19455

Buy Above only 19446, if levels sustains at least for one hour.
Targets we can see in upside 19522/19616+
Keep stop loss at 19385
And
Sale Below only 19329, if levels sustains at least for one hour.
Targets we can see in downside 19258/19196-
Keep stop loss at 19385
Note:- Guy's if you see any reversal candlestick from downward slopping trendline then you can sale the nifty and same if you see reversal from support zone then do vice versa.


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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