NIFTY LEVELS 4TH DECEMBER

3 дек. 2023 г.

Nifty Spot Actionable Idea ---- Hello friends Sharing my intraday Trading idea on Nifty for 4TH December with all of you, Hope you like it my Analysis.

After Today's Gap up opening index nicely sustained that Gap and gives a all time high close to us, Some profit taking seems in the mid of last session due to weekend close, Global indices did a post rally after and closed good so it can give strength to our Indian markets too.

#Current Price- 20267

#Resistance Level- 20282

#Support Level- 20228

#Target Levels- Can move 50-150 points after resistance breakout.

#Target Levels- 20183 And 20134 we can expect after breakout of Support

#Execution only after break and close above or below from resistance or support 15-minute candle.

#Stop Loss above or below from resistance or support 15-minute candle.

(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)

(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)

NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.

Please Give A Like If You Like