Nifty Levels for 11th May 2023

10 may 2023

nifty future levels for this expiry have been marked. Depending upon the price opening , the course of action is decided . This is very important to determine the type of day that can develop. The levels marked in red, green and blue are the various points which we can consider as High, poc and Low respectively . One can see the chart in lower time frame of 5 mins and 3 mins to take some intraday trades. A gap up needs to sustain and spend time whereas a gap down will show some bearishness. We are still in the range of 5th May daily candle and any move on either side should be good. Watch out for 18284 -90 levels for an intraday support

11 may 2023

Nota

Nifty needs to move above the resistance area marked for a good intraday move.

11 may 2023

Nota

Levels marked worked to perfection