In the previous session:
Nifty went up by 88 points then went down by 89 points before closing lower by 45 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 24th Feb:
Nifty initially triggered our long trade with a gap up above our 1st target and took our stoploss. Post that Nifty reversed to trigger our short trade and almost completed 2 targets doing 40 points.
For 27th Feb:
Sustaining above 17510 enter for 17535 - 17565 - 17650, SL 17480
In the Previous Week:
Nifty triggered our short trade on closing below 17850 and completed all our weekly short targets till 17650 - 17560 and exceeded it with a low of 17421.80
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 17535 - 17580 to move towards its initial long targets of 17700 - 17730.
Closing above 17730 Nifty may move towards next long targets of 17830 - 17950
On the downside:
Nifty has to sustain and close below its immediate support at 17395 - 17350 to move towards initial short targets of 17230 - 17200.
Closing below 17200 Nifty may move towards next targets of 17100 - 16980.
In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".
Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.
To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.
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.
No comments:
Post a Comment