Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. This is follow-up on Nifty. Can check link to related ideas.
Tried to show Nifty's big picture in simple way. Good think about Nifty is that it respects support and resistance. It is now near it's sub support of 17499.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Hi, We appreciate if you can share your thoughts on Nifty again. This would help us to invest for better returns in coming time.
MandeepSinghKohli
⋅
@AlpeshPatel19, Nifty and Bank Nifty both are looking bearish as per weekly charts. Nifty has good support at 15470 and if it is gone on weekly closing basis then next support is around 14170...
I have 16000 pe feb 24 😔 so worried and confused can u say about current market
ajaykrish
⋅
sir nifty is at 17000-17100 debt has no effect
Chilambu
⋅
Hi Mr. Mandeep, what is the time duration expected to reach Target-2 (20389)?
MandeepSinghKohli
⋅
@Chilambu Time duration for weekly charts are 3 to 12 months. I generally don't give specific duration as it leads to speculation and which is not good for retail traders. So not specific but by May 2022...
Chilambu
⋅
@MandeepSinghKohli, Thanks for your reply. I am regularly following your posts & you are one of my trusted equity market expert.