Nifty Intraday Support and Resistance strategy for 2-Jan-20223
Happy New Year !!
Wait for 15 mins candle to close. If Nifty is moving above it, look for long. If it breaks below First 15 mins candle, you may look for short opportunity. Previous day High, low and closing can also work as support/resistance.
Yellow lines - Weekly range for 2-Jan to 6-Jan-2023.
Blue lines - Daily Range
Red dotted lines - Resistance
Green dotted lines - Support
Black line - Friday closing
Wait for 15 mins candle to close. If Nifty is moving above it, look for long. If it breaks below First 15 mins candle, you may look for short opportunity. Previous day High, low and closing can also work as support/resistance.
Yellow lines - Weekly range for 2-Jan to 6-Jan-2023.
Blue lines - Daily Range
Red dotted lines - Resistance
Green dotted lines - Support
Black line - Friday closing