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this_is_shoaib
Jan 2, 2022 10:18 AM

Nifty important zones for the week 

Nifty 50 IndexNSE

Description

Nifty has been seen trading in a range of 16800 - 17600, it once broke the demand zone of 16800 and came till 16400 but only for a day and needed a huge gap down of 130 points to do so, so I'll consider 16800 to be a good support and I believe nifty will be coming to the same zone again if it doesn't close above 17600 from where it can go to 18000 levels.

So these are the zones that seems important to me and i'll be making any long positions after 17600 level confirmation.

I have not seen the OI data for nifty these are just the technical levels

Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.

Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.

Trade closed: target reached

All targets hit.
Godspeed
Comments
InvestPro_India
Unstoppable.
this_is_shoaib
@InvestPro_India, Seems so :)
traderanamta
Nice analysis. I like how it says gapus showing sign of bullishness because I completely ignored it.
this_is_shoaib
@traderanamta, Thankyou, keep supporting
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