Nifty Prediction Today which Provides Clear Guidance

Nifty Spot View: 06/01/2023
Cmp: 17992.15
Support & Downside Range: 17968—17940 zone, 17892—17825--17775
Resistance & Upside Range: 18038—18085—18132--18165
Short-Term Trend Reversal Level: --

Nifty Prediction Today

Trading View: The fall from 18252 till yesterday's low of 17892 is a 3-wave fall so in today's intraday trading session key level to watch is the 18038 spot if this level gets breached then bulls still have a chance to stay in the game and after breaching 18038 if we get today's close between 18085 to 18132 spot levels than it's a first confirmation that bulls still have a chance to stay in the game, whereas if we break yesterday's low then it will be considered 5 waves fall from recent high it means market remains to sell on rise for few more days or week.

Make use of our daily Nifty Prediction Today and be on the right side of the market always and every time and make profit making a daily habit.

Nifty live update below 17850 if nifty sustain for 15-30 mins than 18000/17950/17900 put writers will come to cover shorts which will give more power to bears to drag nifty intraday down towards 17775—17700 levels so watch how 17850 spot acts here as support can #buls manage to hold it or #bears will go all out today on this Friday. Ahead of weekend as a last hope for bulls which is 17850 spot levels

Donot carry any trades home today as overnight lot of info coming from USA mkt which will impact on Monday and thus on Monday mkt will either open gap up or gap down. So no unnecessary risk by carrying position on weekend.

Trading Gyan for the day

A blind bet is always going to bite back, so make use of our Nifty Prediction and be on the right side of the market.