In the previous session:
Nifty went down by 151 points before closing lower by 91 points on Friday
Nifty made a new lifetime high of 18887.60 on 01st Dec 2022 from the lows of 7511.10 made on 24th March 2020
On 17th Feb:
Nifty triggered our short trade and completed all targets doing 110 points.
For 20th Feb:
Sustaining above 17980 enter for 18000 - 18025 - 18090, SL 17955
In the Previous Week:
Nifty triggered our long trade on closing above 17960 and completed our initial weekly long targets of 18070 -18100 with a high of 18134.75
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 18000 - 18035 to move towards its initial long targets of 18130 - 18155.
Closing above 18155 Nifty may move towards next long targets of 18230 - 18320
On the downside:
Nifty has to sustain and close below its immediate support at 17890 - 17850 to move towards initial short targets of 17760 - 17730.
Closing below 17730 Nifty may move towards next targets of 17650 - 17560.
In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".
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Disclaimer: I am not SEBI registered and these are my personal views and one should do their own research or consult a financial advisor 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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