Wednesday, 13 September 2023

NIFTY 13 SEPTEMBER 2023 : Life at 20000 Nifty is still showing some life. As long as it holds 19910 levels, we cannot expect any remarkable profit taking.

 


Hello traders, 

I found the above 15-minute chart more interesting as patterns are clear in it. It defines the importance of 19010 support levels. I firmly believe that it is not going to be bearish from the top so easily. 

Equally, the chances of profit taking is still there. On the higher side, we can have two important resistances, one is at 20040 and then at 20110. Support, if it breaks 19910 then we expect 19800 levels in a very short time. 

Take note that whenever support breaks then prefer to short on bull back. It is very likely to see odd moves in the market now. 

No comments:

Post a Comment