Nifty 50 IndexUpdated Mighty Nifty - Feb 8
Market will be volatile because of RBI day. Right now price is having trend line resistance. Next strong resistance is seen at 21120 - 21140. As per the daily chart, price is sustaining above the trend line.
Pattern : Trend line Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 21960.
Stop Loss : 21920.
Targets : 22000, 22040, 22080 and 22120.
Sell below : 21860.
Stop Loss : 21900.
Targets : 21820, 21780 and 21740.
Check the live market updates.
Expected expiry day range is 21700 to 22100.
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.
Pattern : Trend line Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 21960.
Stop Loss : 21920.
Targets : 22000, 22040, 22080 and 22120.
Sell below : 21860.
Stop Loss : 21900.
Targets : 21820, 21780 and 21740.
Check the live market updates.
Expected expiry day range is 21700 to 22100.
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
Taking support. Trade active
After RBI. ShortTrade closed: target reached
Done. 
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie
Option course on March 15.
Mail id : tradingplan4u@gmail.com
Option course on March 15.
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.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie
Option course on March 15.
Mail id : tradingplan4u@gmail.com
Option course on March 15.
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.