Nifty Tips:- In the previous session, The NSE main index Nifty 50 extends gain by +90 points to close at 9580. The index opens on a weak note but reverses sharply from the support area and hit both the intraday target of 9550-9600 given on the telegram channel. The index hits its second target of 9600 given in the special report.
Day Trading:- The Nifty 50 index violated the trading range to the higher side and since then trading in strong positive momentum. The index three days of consecutive gains added around 570 points to the index. The index is in an uptrend and if manage to sustain above 9400 marks may continue to trend higher in the short run.
The intraday trading strategy is to buy above 9600 in Nifty future and a call option of 9600 strike price can be initiated for the given below targets.
As our levels decode the daily market movements in simple support and resistance levels with high accuracy. So we recommend keeping the below levels at the back of your mind before going for the intraday trading.
Nifty Support and Resistance Level:- The index has immediate resistance at 9600 above this it may retest the level of 9660-9715 to the upside. Whereas below the level of 9540 it is looking weak and may retest the support level of 9480-9400 to the downside.
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