NIFTY ANALYSIS FOR 11th SEPT

 Recap of 8th Analysis and trade:

Nifty was supported @ 19725 and on breakout of 19740 - reached a high of 19867 - 78.2% retracement and cluster resistance and closed @ 17819.

Trades taken:

Bought 19700 CE on breakout of 19740 and squared off @ nifty spot 19850 levels  - one good trade done

NIFTY ANALYSIS FOR 11TH SEPT 2023:

Prev Day:

High - 19867

low - 19727

Close - 19819

Nifty has reached the cluster resistance & 78.2 Fibo ratio @ 19687. RSI charts shows -ve divergence.

A pause likely till 19870 is taken out. Fibo retracements to be watched below 19800.

INTRADAY LEVELS:

Bullish above 19870 towards Nifty prev high 19991

Bearish if resisted @ 19870 and below 19800 - drag towards 19720 levels. 

PRICE ACTION LEVELS:

19870

19795

19740-19725