In the previous article, we looked at important support and resistance zones, also what I call as Order flow Levels for Nifty 50
The title of the content was like “Nifty 50 – Important Order flow Levels – 7 May 2024”
If you have paid attention, these levels helps traders make informed decisions and find High probability trading opportunities. Because major market moves, happen around these levels.
This is what we have seen on the chart previously, Have a look
These levels can indicate areas of high liquidity and because of that Smart traders and big players often take positions around them.
Hence I call these Support and Resistance zones as Order flow Levels
Nifty 50 – Previous Order Flow Trading Levels
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These levels can indicate areas of high liquidity and because of that Smart traders and big players often take positions around them
Nifty 50 – Present Price Action around Order Flow Levels
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These levels acted as a crucial points and major movement happened around these levels, turning them into potential price reversals or continuations.
A thorough analysis of these levels provides a roadmap for potential market movements. Keep an eye on these Order Flow Levels and make use of them in your Trading Strategy.
