Nifty Support and Resistance – Trading Strategies
The most suitable way to identify a stock's target price is to determine its support and resistance levels. Support and resistance points are specific price points on a chart expected to attract the maximum amount of buying or selling. The support price is a price at which one can expect more buyers. Likewise, the resistance price is a price at which one can expect more sellers. Investors, on a standalone basis, can use support and resistance levels to identify trade entry points. Support and resistance are such tools in the financial market that can help you anticipate the movement of share price in the market, be it Nifty Metal or Nifty Bank. What is Support?Support is the level at which demand for a stock is strong enough to stop its price from falling any further. Each time the stock's...









