On 1 Hour Timeframe, NIFTY trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Nifty.
Breakdown Move
- Confirmation for breakdown will be if Nifty starts trading and sustain below 22220 level
- Downside rally nearly 500 points expected in case of breakdown
- Intermediate support expected near 21880- level
- Short Trader can...
Nifty will be gap up opening in today's session. After opening nifty sustain above 22230 level and then possible upside rally up to 22350 level in today's session. in case nifty trades below 22180 level then the downside target can go up to the 22060 level.
Nifty will be gap up opening in today's session. After opening nifty sustain above 20000 level and then possible upside rally up to 20120 in today's session. in case nifty trades below 19980 level then the downside target can go up to the 19860 level.
Nifty will be FLAT opening in today's session. After opening nifty start trading above 19450 level and then possible upside rally up to 19570 in today's session. in case nifty trades below 19410 level then the downside target can go up to the 19290 level.
Nifty will be gap down opening in today's session. After opening nifty start trading below 19620 level and then possible downside rally up to 19500 in today's session. in case nifty trades above 19650 level then the upside target can go up to the 19770 level.
Nifty will be gap up opening in today's session. After opening nifty sustain above 19430 level and then possible upside rally up to 19550 in today's session. in case nifty trades below 19390 level then the downside target can go up to the 19270 level.
Nifty will be gap up opening in today's session. After opening nifty sustain above 19800 level and then possible upside rally up to 19920 in today's session. in case nifty trades below 19760 level then the downside target can go up to the 19640 level.
In 15 mins TF Nifty has formed a symmetrical triangle pattern, the breakout of which on the either side will give a move of 80-120 Points.
the White Lines are the Pivot Zone or the No trading Zone.
Upside targets are the green Lines.
Downside targets are the red Lines.
NiftyFutures Key Trading Levels for 2nd Sept 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as...
