Hi, I am sharing the Nifty support and resistance levels. They can be useful for Intraday and weekly positional trading.
Support Level:
Nifty is at the overbought level, where every raise can be an opportunity for shorting. Currently, it is holding the Support position at 22000; if it breaks, the next support will be 20700-20900.
Resistance Level:
On the other hand, 22550-22800 will be the resistance levels of Nifty, which is also an all-time high. So, between these levels, it will be suitable for intraday as well as 3-5 days holding positions.
Declaimer:
This is my personal view, and it is for educational purposes only. 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 Trading View. Read more in the Terms of Use.
Support Level:
Nifty is at the overbought level, where every raise can be an opportunity for shorting. Currently, it is holding the Support position at 22000; if it breaks, the next support will be 20700-20900.
Resistance Level:
On the other hand, 22550-22800 will be the resistance levels of Nifty, which is also an all-time high. So, between these levels, it will be suitable for intraday as well as 3-5 days holding positions.
Declaimer:
This is my personal view, and it is for educational purposes only. 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 Trading View. Read more in the Terms of Use.