NIFTY--Consolidation or Bearish??

I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.

Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.

Trade safe...Thank you guys for your support

Commento:

NIFTY 160-180 Level is key level.

Commento:

price is clearly in consolidation...No sign of bearishness.
If opens down and continuation, then only possible for short side.

Commento:

still in the channel....wait for breakout or breakdown.
near the key levels...

Commento:

sudden upmoves mayy come keep safe

Commento:

Keep safe from here....this is one more crucial level for u turn.

Commento:

we have a drop base drop chance...lets wait for the short side..only after confirmation.