NIFTY 50 SUPPORT RESIS 30OCT23

29. Okt. 2023

**Support and Resistance Levels for Nifty 50 (October 30, 2023):**
- **Support:** 18,555 (If the market falls below this level, there could be potential downside pressure.)
- **Resistance 1:** 19,060 (Previous day's resistance level)
- **Resistance 2:** 19,218 (If the market opens above 19,060, this could be the next resistance level.)

**Trading Strategies:**
1. **Market Opens Above 19,060:**
- If the market opens above the resistance level of 19,060, it might suggest bullish sentiment.
- Consider waiting for confirmation of a sustained move above this level before considering long positions.
- A potential target for a long position could be 19,218.

2. **Market Opens Below 18,555:**
- If the market opens below the support level of 18,555, exercise caution.
- Wait for confirmation and consider short positions if there is a clear breakdown and a sustained move below this support.