?? Market Update: NIFTY's Path Forward ??

Good Morning... ????

?? Yesterday, after opening at a new lifetime high, call writers tried to push the NIFTY INDEX towards the 24000 level, but put writers held strong.

It closed at around 24124 ??

?? Today, it may open GAP UP ??.

?? Option Chain Data ??

?? Support Zones ?

• 1st: 24054-24004 ??
• 2nd: 23954-23905 (Major) ??

?? Resistance Zones ??

• 1st: 24103-24154 ??
• 2nd: 24203-24249 ??
• 3rd: 24294-24340 ??

?? Notes ??

• ?? Today is WEDNESDAY i.e., WEEKLY EXPIRY-1 day... ??
• ?? 24422-24470 is the major resistance zone.
• ?? It may open GAP UP, above the 1st resistance zone but might retrace to the 1st support zone. ??
• ? Don’t jump into a trade. ??
• ? Don’t chase the gap up after market opens. ??♂???
• ?? Understand market dynamics. ??
• ?? Watch for changes in support and resistance in the live market. ????
• ?? Plan your trade carefully, and take a trade only if levels match the market trend. ??
• ??♂? Be quick and flexible. ??♂?
• ?? Don’t trade blindly. ???
• ? Don’t be biased. ??
• ? Wait for your values before moving. ?

All the Best... Have a nice trading session.... ?????