NIFTY 50 crucial levels for Expiry day !
- Nifty closed above it's crucial resistance level , but there's gap it may can fill up sooner than expected
- as festival season where auto stocks were out performed
- sector rotation at it's best
- and from IT sector may join to party , as this is quarterly results season
-wipro ,and infy quarterly results were out numbers were pretty good
-Currently NIFTY is trading above 21Day ,50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 17800
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18200-18220 (here we can see ( option chain) more short positions were holding at 18200 CE)
with SL of 18150
- 18300 we can see as the target after breakout
- support level is at 18050 -18050
with the SL of 18100
17950 we can see as target after breakdown
if you like it do follow for more , Have a nice day ...
- as festival season where auto stocks were out performed
- sector rotation at it's best
- and from IT sector may join to party , as this is quarterly results season
-wipro ,and infy quarterly results were out numbers were pretty good
-Currently NIFTY is trading above 21Day ,50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 17800
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18200-18220 (here we can see ( option chain) more short positions were holding at 18200 CE)
with SL of 18150
- 18300 we can see as the target after breakout
- support level is at 18050 -18050
with the SL of 18100
17950 we can see as target after breakdown
if you like it do follow for more , Have a nice day ...
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