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NaveenTTR
Jan 29, 2024 2:44 PM

Market Bullish NIFTY 50 Ready to Set New Record High. Long

Nifty 50 IndexNSE

Description

Greetings everyone,

I think that either the NIFTY50 or the entire market is entering a Bullish trend. Starting from today or possibly in the upcoming week, it seems likely that the market will commence a UP ward direction. This projection is based on two potential factors:

-> Today Imp Resistance level 21517 Crossed.
-> We have strong Support in 21250 and it was our reversal trend.
-> Today Bullish Marubozu Candle

Key Levels:

Entry Range: 21700-800
Stop Loss: 21517
Target 1: 21900 ( Probably achieved tomorrow)
Target 2: 22000
Target 3: 22378 & 22654

Strategies to Consider:

For those involved in options trading: Consider a small hedging strategy.
For those engaged in futures trading: Implement a strict stop-loss strategy.

Important Note: Make risk decisions in line with your available capital. It is strongly advised to refrain from trading with borrowed funds or your entire savings, drawing from personal experiences.

Trade closed: target reached

Today HIGH 22126, Which is Target 2.

380 Points captured in 4 Trading Days.
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Comments
NaveenTTR
Within Next Week TARGET 4 will be achieved. This is for those who have LONG/POSITIONAL Vision.
NaveenTTR
22440 High on 4th March Target 3 achieved.
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