In the previous session :
Nifty went down by 85 points then went up by 76 points before closing lower by 28 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 18th Feb :-
Nifty traded the entire session between our long and short trigger range indicating indecisiveness.
For 21st Feb :-
Sustaining above 17410 enter for 17465 - 17520 - 17720 , SL 17310
Now for this week :
Nifty has to break and sustain above 17450 - 17550 where it has its initial resistance to move towards next targets of 17850 - 17920 . Sustaining or closing above 17920 Nifty may move towards further targets of 18170 - 18440.
Nifty has to break and sustain below 17100 - 17000 where it has its initial support to move towards next targets of 16710 - 16630 . Sustaining or closing below 16630 Nifty may move towards further targets of 16385 - 16110 .
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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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