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NIFTY futures for expirey day

NIFTY futures for expirey day

Hii traders😊
I hope that you are doing well

🛑 Yesterday i was analysed intraday market levels for 22nd SEP and market closed in between that range and that range is indecisive and we can't predict which direction market will move so that levels will always play crucial role in trading
( U can check those levels those were in mine profile)

🛑 If we see In daily frame chart nifty forming an DOJI candle (which is telling that buyers were in control even though there was selling pressure )

🛑 If we closely watch the market in 15 mins time frame. Market failing to breakout the resistance level 17600-17630 ( this what I given in premarket analysis u can checkout weather it is right or wrong )

🎯 Key levels to watch out for expirey Day 23rd SEP

🛑 Crucial resistance zone is at 17620-17650

◽If it successfully breakout this level we can initiate the trade
◽ Why should we have to initiate trade only after breakout ❓
Well , answer is simple when ever market trying to breakout that level sellers were getting active and shorting the market at that level and it is acting as supply zone
◽after the breakout of 17650 Target 1🎯 ie . 17750

🛑 Crucial support zone for nifty futures is at 17440-17460

◽ If it successfully breakdown the level we can short the market from that level to 🎯 Target 1 ie . 17350-17330 with The stop loss of 17510-17525 level

◽ And u can use Trailing stoploss as T1 to achieve 🎯 Target 2 ie . 17260-17230 (major support level for nifty futures )

Summary
➡️ Nifty futures will be weaker between 17530 -17440
➡️ Tomorrow if nifty futures Traded above 17600 then shorter's will run for covering
➡️ Resistance zone 17620-17650
➡️ Support zone 17440-17460



Thanks for reading ,
If I'm wrong kindly let me know in comment section I will correct it and it helps me lot to increase mine knowledge

if you like it do follow and have a nice day 😊

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