Nifty 50 IndexUpdated Mighty Nifty - Jan 25
Price is moving inside a channel formation. And price had a good recovery after the huge fall. Will it continue tomorrow or move inside the channel?
Pattern : Channel.
Range : Medium.
Trend strength : Normal.
Buy Above : 21480.
Stop Loss : 21440.
Targets : 21520, 21560, 21600 and 21640.
These levels are derived based on the assumption that price will take support from 21500 and break the channel and move up.
Sell below : 21380.
Stop Loss : 21420.
Targets : 21340, 21300 and 21260.
Expected expiry day range is 21300 to 21700.
Check the live market updates.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Pattern : Channel.
Range : Medium.
Trend strength : Normal.
Buy Above : 21480.
Stop Loss : 21440.
Targets : 21520, 21560, 21600 and 21640.
These levels are derived based on the assumption that price will take support from 21500 and break the channel and move up.
Sell below : 21380.
Stop Loss : 21420.
Targets : 21340, 21300 and 21260.
Expected expiry day range is 21300 to 21700.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Note
Channel movement so far. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie
Join my students group for Index Option Trading to earn and learn.
Mail id : tradingplan4u@gmail.com
Join my students group for Index Option Trading to earn and learn.
Mail id : tradingplan4u@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.