Nifty 50 IndexUpdated Nifty weekly review - Jan 20 to Jan 24
Movement was bit choppy last weak and price tested the patience of option buyers. Still 23400 zone acts as an important zone to decide the direction.
Buy above 23220 with the stop loss of 23180 for the targets 23260, 23320, 23380, 23420 and 22460.
Sell below 23140 with the stop loss of 23180 for the targets 23100, 23060, 23010, 22960 and 22900.
As per the daily chart, price is still testing the support zone. Once the test is over, we can expect good move.
Do your own analysis before taking any trade.
Buy above 23220 with the stop loss of 23180 for the targets 23260, 23320, 23380, 23420 and 22460.
Sell below 23140 with the stop loss of 23180 for the targets 23100, 23060, 23010, 22960 and 22900.
As per the daily chart, price is still testing the support zone. Once the test is over, we can expect good move.
Do your own analysis before taking any trade.
Note
No strength to move up so far. Weak trend strength. Trade active
Long. T3 done. Trade closed: target reached
T4 done. 
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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.
Join my students group for Index Option Trading to earn and learn.
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.