Level Type: Nifty 50 Levels
Market Context / Trading Strategy:
Major Resistance: 23,907 - 23,983
Wednesday's close and structural high. Capped heavily for the near term.
Immediate Resistance: 23,750
The Key Session Pivot (20-day EMA). Any intraday pullback is highly likely to face selling pressure here.
Expected Opening Zone: 23,580 - 23,640
The projected opening territory based on early global futures.
Immediate Support: 23,550
The immediate derivative put-writing wall where the initial opening sell-off needs to cool off.
Major Support: 23,400 - 23,450
Deep value zone. If 23,550 cracks cleanly on a 15-minute closing basis, the doors open to this structural floor.
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Market Context / Trading Strategy:
Major Resistance: 23,907 - 23,983
Wednesday's close and structural high. Capped heavily for the near term.
Immediate Resistance: 23,750
The Key Session Pivot (20-day EMA). Any intraday pullback is highly likely to face selling pressure here.
Expected Opening Zone: 23,580 - 23,640
The projected opening territory based on early global futures.
Immediate Support: 23,550
The immediate derivative put-writing wall where the initial opening sell-off needs to cool off.
Major Support: 23,400 - 23,450
Deep value zone. If 23,550 cracks cleanly on a 15-minute closing basis, the doors open to this structural floor.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.