subhajit1993

Nifty view for 22 March 2021

NSE:NIFTY   Nifty 50 Index
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2
Hi, I'm Subhajit Das , this is my Nifty view for 22 March 2021. this is only for education purpose there is no such buying selling recommendation.

Comments

is it S1, S2, R1, R2 and Pivot?
+1 Reply
subhajit1993 arunamalrajmca
@arunamalrajmca, No Pivot concepts is there.
the important level is Support Resistance based on previous price action.
Reply
arunamalrajmca subhajit1993
@subhajit1993, Ok thanks, Can you help me on how to place a SL when trading options. I have doubts regarding the points to look for to place a SL
Reply
subhajit1993 arunamalrajmca
@arunamalrajmca, Option have no identity itself it based on cmp or spot, your SL will be based on spot level. eg if buy near support then your sl will be below support or vice versa.
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arunamalrajmca subhajit1993
@subhajit1993, thanks
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Hi subhajit1993, Thanks for the info
Could you please explain better what do these lines that you have drawn mean?
Reply
subhajit1993 arunamalrajmca
@arunamalrajmca, its very simple. the lines which are above cmp will be the resistance level and vice versa.
Reply
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