Sunday 13 February 2022

Nifty Outlook for 14th Feb

 In the previous session :

Nifty went down by 303 points before closing lower by 231 points on Friday.

Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020


On 11th Feb :-

Nifty triggered our short trade with a gap down near our 2nd target and still did 150 points almost completing all targets . 


For 14th Feb :-

Sustaining above 17450 enter for 17495 - 17550 - 17690 , SL 17400

Sustaining below 17300 enter for 17255 - 17200 - 17055 , SL 17350

Now for this week :

Nifty has to break and sustain above 17500 - 17575 where it has its initial resistance to move towards next targets of 17785 - 17840 . Sustaining or closing above 17840 Nifty may move towards further targets of 18020 - 18220.

Nifty has to break and sustain below 17250 - 17175 where it has its initial support to move towards next targets of 16965 - 16910 . Sustaining or closing below 16910 Nifty may move towards further targets of 16730 - 16530 .


Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

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