FinNifty intraday levels for weekly expiry.
Finance sector has finally made a new ATH and it was totally unexpected as there is a 3% move in both the finance indices.
FinNifty has given a nice upside move today. It has travelled more than 1000 points after break out of the recent swing high around 19780.
It has closed near to the day high which signifies some positive sentiment in the market.
Even the global markets reacted positively and now there can be a halt candle or a slight retracment.
If there is another gap up tomorrow, either it will take a halt or there will be a profit booking.
Gap down can create panic selling has the index has moved. It has given 6 consecutive green candle and there are chances of market taking a retest near the previous high and giving another move in december series.
Major Support levels :- 20670, 20420, 20235
The market is trading around the ATH and there is only round number resistance for the market.
Bullish trades can be created in small quantities as the market is stretched and may take a halt.
Wait for the price action near the levels before entering the market.
FinNifty has given a nice upside move today. It has travelled more than 1000 points after break out of the recent swing high around 19780.
It has closed near to the day high which signifies some positive sentiment in the market.
Even the global markets reacted positively and now there can be a halt candle or a slight retracment.
If there is another gap up tomorrow, either it will take a halt or there will be a profit booking.
Gap down can create panic selling has the index has moved. It has given 6 consecutive green candle and there are chances of market taking a retest near the previous high and giving another move in december series.
Major Support levels :- 20670, 20420, 20235
The market is trading around the ATH and there is only round number resistance for the market.
Bullish trades can be created in small quantities as the market is stretched and may take a halt.
Wait for the price action near the levels before entering the market.
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