NIFTY 50 Levels for 28th Tuesday ❗ for NSE:NIFTY by agasthya_d

Hii Traders 😊
Welcome to NIFTY 50 levels for intraday trading

🛑 Nifty shown some weakness today through IT sectors were under formed Nifty whereas Auto sector hold nifty strongly as economy reopening and lockdowns easing In some of states

🛑 IT sectors were leaders of nifty but today under formed may be small correction

🎯 However , Key levels to watch out intraday levels for day trader

🛑 Major resistance zone for Nifty is at 17940-17970 where at this point nifty tried to breakout this level

◽ If market breakout resistance zone then we can see Target of 18060

◽ Stop loss for this level is 17890 here the pivot point control region

◽markett will shown some weakness if it traded below 17850

◽ if huge gap up ( ie . Above 17960)happens the don’t take a trade let the market correct because market Dont like gaps whether it may be huge gap up or gap down so let market get correct for some time then take the trade

🛑 Major support level for Nifty 50

Support level for nifty lies at 17800-17770

◽ Also this level can virgin CPR is their it is support area means It pivot point region based on yesterday value area where in active trading session market doesn’t touch the that level (those levels or pivot control point are called virgin CPR )

If breakdown happens we can see the Target of 17670

◽ stop loss ie .17850

If market traded below this level I’m sure market will be weak on intraday basis

◽ For nifty their strong support at 17650-17600 if this zone is breakdown then we will enter into range bound market or short term correction ( consolidation) period for some time after a strong rally in nifty

🛑 levels for Nifty Futures will be as follows

◽ Go long on nifty Futures if it breakout the resistance 18000-18050

◽ If nifty traded above 18000 I’m sure that more shorts get covered in nifty Futures also

◽ Don’t short the market until below the 17900 levels

🛑 Tradeshots

Resistance level for CE buyers /option buyers is at 17940-17970

support zone to buy PUT / PE is at 17800-17770

Nifty will be weaker on intraday basis below the 17850

🛑 today’s Futures and options of FII’S , DII’S , institutional traders data will be updated at 8PM in telegram channel

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