Nifty Levels for 28th April 2023

 Nifty Levels for 28th April 2023

Nifty closed at 18000 on 27th April 2023. Here are some important levels to keep an eye on in the upcoming trading session.

Resistance Level: 18000

Nifty is expected to face strong resistance at 18000. If it breaks this level, it could indicate a bullish trend, and traders may consider taking Call positions.

Support Levels:

17940

If Nifty breaks above the current level and moves up, it may test the support level of 17940. If it shows a bullish trend and breaks out above this level, traders can consider buying Call options.

17900

If Nifty moves down, it may break below the current level and reach the support level of 17900. In such a scenario, traders can consider buying Put options.

17850

If Nifty continues to move down, it may test the support level of 17850. This level could be a crucial one, and traders should keep a close watch on the market trend and momentum.

17800 - 17780

This zone is a major support level for Nifty. If Nifty breaks below this level, it could indicate a bearish trend, and traders can consider buying Put options.

Conclusion:

Nifty is expected to face strong resistance at 18000, and traders should keep a watch on the support and resistance levels. If the market breaks above 18000, it could indicate a bullish trend, while a break below 17780 could suggest a bearish trend. It is important to keep a close eye on the market trend and momentum before taking any position. Happy trading!

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