Nifty on the daily time frame has formed a doji after a good gap up opening.

Market is travelling on the upper side which is a good sign for the trader waiting for a shorting opportunities.

Today it remained in a range from the lower range of 24230 to upper range of 24300. If there is a flat to slight gap down opening, the market will opening this range and trader can be initiated once the levels are breached.

In case of a huge gap up opening, there are chance of profit booking or retesting the current resistance zone.

Major Resistance :- 24300-310
Support levels :- 24240, 24180

Tomorrow is the weekly expiry for the index and this week the expiries had decayed at a certain levels after initial hour movements.

The consolidation today is the good sign for intraday traders and a break down can be traded with more conviction.

Wait for the price action near the levels before entering the market.
BANKNIFTYCandlestick AnalysisMoving Averagesnifty50niftyintradaylevelsniftyintradaysetupniftyintradaytradesetupniftylevelsniftypredictionniftytradesetupniftytrendSupport and Resistance

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