Sunday 27 February 2022

Nifty Outlook for 28th Feb

 In the previous session :

Nifty went down by 860 points before closing lower by 815 points on Thursday.

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 24th Feb :-

Nifty triggered our long trade with a big gap up near our 2nd target and went up further by another 200 points almost completing all targets.


For 28th Feb :-

Sustaining above 16795 enter for 16875 - 16970 - 17225 , SL 16700

Sustaining below 16525 enter for 16445 - 16345 - 16095 , SL 16620


Now for this week :

Nifty has to break and sustain above 16875 - 17015 where it has its initial resistance to move towards next targets of 17385 - 17480 . Sustaining or closing above 17480 Nifty may move towards further targets of 17800 - 18150.

Nifty has to break and sustain below 16440 - 16300 where it has its initial support to move towards next targets of 15930 - 15830 . Sustaining or closing below 15830 Nifty may move towards further targets of 15515 - 15165 .


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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