Indice Nifty 50Long
Nifty 50 Support and Resistance 03 Nov 23
Our Previous Levels Work Perfectly Vote
Support Levels:
1. 19130: This is the first support level. If the market dips, it could find support around this level.
2. 19077: If the market breaks below 19130, this level may come into play as support.
3. 18945: This is another support level to watch for, especially if 19077 is breached.
Resistance Levels:
1. 19173: This is a critical resistance level. A breakout above this level may indicate a potential upside move.
2. 19218: A smaller resistance level to consider.
Important Notes:
- As with any trading, it's essential to consider other factors such as news events, economic data, and global events that can influence the market.
- Market conditions can change rapidly, so having a well-defined trading strategy and using risk management tools, like stop-loss orders, is crucial to manage potential losses.
- Pay attention to price action and technical indicators to confirm potential breakouts and reversals.
Support Levels:
1. 19130: This is the first support level. If the market dips, it could find support around this level.
2. 19077: If the market breaks below 19130, this level may come into play as support.
3. 18945: This is another support level to watch for, especially if 19077 is breached.
Resistance Levels:
1. 19173: This is a critical resistance level. A breakout above this level may indicate a potential upside move.
2. 19218: A smaller resistance level to consider.
Important Notes:
- As with any trading, it's essential to consider other factors such as news events, economic data, and global events that can influence the market.
- Market conditions can change rapidly, so having a well-defined trading strategy and using risk management tools, like stop-loss orders, is crucial to manage potential losses.
- Pay attention to price action and technical indicators to confirm potential breakouts and reversals.
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