Nifty 50 Support and Resistance Levels 18 Dec 23
**Support Levels:**
1. 21448
2. 21302
3. 21200
- **Resistance:**
- If Nifty opens above 21448, there's no resistance as per the chart because of the all-time high.
**Analysis:**
- The support levels at 21448, 21302, and 21200 are crucial for monitoring potential downside movements in Nifty 50.
- If Nifty opens above 21448, there's no immediate resistance as per the chart due to the all-time high, creating a potential bullish scenario.
- The zone between 21448 and 21302 is identified as a no-trade zone, indicating high volatility in options trading.
**Important Considerations:**
- Stay informed about relevant news, economic indicators, and global events that might impact the financial markets.
- Ensure a well-defined trading strategy and use risk management tools to manage potential losses.
- Regularly monitor price action and technical indicators for insights into market dynamics.
1. 21448
2. 21302
3. 21200
- **Resistance:**
- If Nifty opens above 21448, there's no resistance as per the chart because of the all-time high.
**Analysis:**
- The support levels at 21448, 21302, and 21200 are crucial for monitoring potential downside movements in Nifty 50.
- If Nifty opens above 21448, there's no immediate resistance as per the chart due to the all-time high, creating a potential bullish scenario.
- The zone between 21448 and 21302 is identified as a no-trade zone, indicating high volatility in options trading.
**Important Considerations:**
- Stay informed about relevant news, economic indicators, and global events that might impact the financial markets.
- Ensure a well-defined trading strategy and use risk management tools to manage potential losses.
- Regularly monitor price action and technical indicators for insights into market dynamics.
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