Monday 14 February 2022

Nifty Outlook for 15th Feb

In the previous session :

Nifty went down by 565 points before closing lower by 531 points on Monday.

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 14th Feb :-

Nifty triggered our short trade with a gap down near our last target and did not give any entry . 

For 15th Feb :-

Sustaining above 16935 enter for 16990 - 17050 - 17220 , SL 16870

Sustaining below 17750 enter for 17700 - 16630 - 16470 , SL 16815

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 .

So far this week Nifty has made a low of 16809.65 breaking below our next targets zone of 16965 - 16910 and also closed below it. Now as long as Nifty is trading below this zone Nifty can move towards 16730 - 16530 next . On the upside Nifty has immediate resistance at 16970 - 17070 zone which it needs to break and sustain above for a move towards 17175 - 17250 zone.


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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