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tradingrecipe
All About Indices
Please mark our levels for today, slightly change in levels as Previous Supports become Resistance now, Chart in 15 Minutes attached and mark following scenarios may happen.
Major Resistance-1: 24178
Major Resistance-1: 24337
Minor Resistance- 24090
Main Juncture Level: 23906
Major Support-1: 23777
Minor Support-1: 23564
Following Could be best Scenarios for today.
Scenario-1: Yesterday Nifty gave a deep fall from our Resistance up to our Main Juncture Level 23906 and closed above it. If Nifty opens with Gap Up, then any rejection at our Resistance may give a good opportunity to sit on downside with Price Action Confirmation where RISK to Rewards will be proper.
Scenario-2: If Nifty Opens Flat, it may could be Choppy or premiums can melt.
Scenario-3: If Nifty opens Gap down, very risk to trade for downwards as risk will be higher. Sell on Rise could be a good opportunity.
**Always, Calculate your Risk before Entry. Try to capture at Support / Resistance level as mentioned to minimise your risk.**
Nov 29 7:11 AM
· Edited · View Votes
IDX:NIFTY 50 price when posted: 23,914.15
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