on 26th April 2023 Spot Nifty Closed at 17813.60 (+ 0.25%)
Pivot Level : 17784.18
Support Level : 17740.62/ 17667.63
Resistance Level : 17857.17 / 17900.73
Scenario 1 :- If Nifty closes any candle above 17863, we can enter in call option or buy futures for the target of 17950 with Strict Stop Loss of 17843.
Scenario 2 :- If Nifty closes any candle below 17770, buy a put option or sell futures for target of 17650 with very small Stop Loss 17792.
Scenario 3 :- If Nifty hits the stop loss in scenario 1 than ignore reentry in positive positive. Instead of positive, we can create negative position by buying put option or future selling with stop loss of 17875 for the target of 17650.
Pivot Level : 17784.18
Support Level : 17740.62/ 17667.63
Resistance Level : 17857.17 / 17900.73
Scenario 1 :- If Nifty closes any candle above 17863, we can enter in call option or buy futures for the target of 17950 with Strict Stop Loss of 17843.
Scenario 2 :- If Nifty closes any candle below 17770, buy a put option or sell futures for target of 17650 with very small Stop Loss 17792.
Scenario 3 :- If Nifty hits the stop loss in scenario 1 than ignore reentry in positive positive. Instead of positive, we can create negative position by buying put option or future selling with stop loss of 17875 for the target of 17650.
