Nifty outlook 20th Oct 2023
Aktualisiert
Closing Range - 19512/19735
Extended range - 19429/19818
Strong resistances of 20 & 50 DMA in 19623-19659. Unless there is a gap up, Nifty will struggle to go past 19660. For any meaningful upward movement, 19700 should go past on hourly chart. Volumes were decent Nifty formed a near Inverted hammer. Downside support is there at 19500 & 19430 for now. Be cautious in taking trades.
Avoid taking any trades till Nifty stabilizes.
Extended range - 19429/19818
Strong resistances of 20 & 50 DMA in 19623-19659. Unless there is a gap up, Nifty will struggle to go past 19660. For any meaningful upward movement, 19700 should go past on hourly chart. Volumes were decent Nifty formed a near Inverted hammer. Downside support is there at 19500 & 19430 for now. Be cautious in taking trades.
Avoid taking any trades till Nifty stabilizes.
Trade geschlossen: Ziel wurde erreicht
Nifty closed within our range and remained sideways most of the time today as mentioned yesterday.
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