NIFTY
Important levels for 26/08/2022.
For tomorrow we will watch spot chart and switch to Future charts after a couple of days.
Once we break 17438 level, we can test the previous buyer reference area of 17290-17330. 17380 can act as a pullback zone and we can look to book some profit here and trail the positions for bigger targets.
17438-17494 is a buyer zone and any buying seen here can take us to 17690-17724 levels which has seen the maximum sellers today . The SL is big around 60 points so the position sizing should be kept in check.
For tomorrow we will watch spot chart and switch to Future charts after a couple of days.
Once we break 17438 level, we can test the previous buyer reference area of 17290-17330. 17380 can act as a pullback zone and we can look to book some profit here and trail the positions for bigger targets.
17438-17494 is a buyer zone and any buying seen here can take us to 17690-17724 levels which has seen the maximum sellers today . The SL is big around 60 points so the position sizing should be kept in check.
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