ViVenTraders

Nifty - Weekly and Intraday analysis for 20 Feb 2023

Short
NSE:NIFTY   Nifty 50 Index
Nifty Coming Week - Trending move is expected.

Trading Range between 18150 & 17730, Nifty looks still bullish we have strong support at 17800 & 17730 level from here we can expect upmove in Nifty.

If incase any weakness and closes below 17700, we would see 17600 which will be tested.

Tomorrow (Monday) - BEARISH with Negative Sentiment - If any gap up open and sustains above 17950 we can take BUY entry for targets 18000/18050, if any rejection trades below 17920 we can look for SELL entry for lower targets.


Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.

Refer the chart for detailed Intraday Support and Resistance levels.

Happy Trading!!

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