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IIT-Trader
Oct 11, 2023 4:02 PM

NIFTY--Bullish Gap or Bearish Gap?? 

Nifty 50 IndexNSE

Description

I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.

Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.

Trade safe...Thank you guys for your support.
Comments
IIT-Trader
What do you think about NIFTY??
nrhs_trades
@IIT-Trader Thanks mate sharing your analysis with us.
prateekmane22
I think, it should give a fall up to 19721, as there is a pending retrestment in Nifty50..............!
IIT-Trader
@prateekmane22, Buyers are rejecting the price movement...i think may be gap down and will test that zone...
prateekmane22
@IIT-Trader, yes it should go
Pixel-Trader
Bullish Gap
CA_Pearl
can we enter short in nifty, if 19800 failed.
IIT-Trader
@CA_Pearl, Yes you can enter on short breaks and retest.
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