Nifty Trading Strategy for 21st Feb 2025

🔹 NIFTY Buy & Sell Levels for the Day
📈 BUY Above the high of the first one-hour candle that closes above 22,980
Target 1: 23,020
Target 2: 23,057
Target 3: 23,100
Stop Loss: Lower of (Low of the breakout candle OR 50 points below entry level)

📉 SELL Below the low of the first 15-minute candle that closes below 22,810
Target 1: 22,752
Target 2: 22,720
Target 3: 22,680
Stop Loss: Higher of (High of the breakdown candle OR 50 points above entry level)
Market Outlook & Trade Plan
NIFTY is expected to remain volatile, with 22,980 as a key resistance level and 22,810 as a crucial support level.
A confirmed breakout above 22,980 with a one-hour candle closing above this level increases the probability of bullish momentum toward higher targets.
A confirmed breakdown below 22,810, with a 15-minute candle closing below this level, may lead to selling pressure and further downside movement.
Stop-loss placement ensures risk is limited, taking the lower of the breakout candle low or 50 points for buys and the higher of the breakdown candle high or 50 points for sells.
Traders should wait for proper confirmation and enter based on the high or low of the respective confirmed candles.
Risk management is crucial—always use a stop loss and manage position size accordingly.
📌 Disclaimer:
i AM NOT sebi reGISTERED. This analysis is for educational and informational purposes only. Trading in the stock market involves substantial risk, and past performance does not guarantee future returns. Please consult a SEBI-registered financial advisor before making any investment decisions. Trade responsibly. 🚨