Gud morning all students and members.
22 Feb 2024, Thursday.
So after a good correction market bounced back from exact support mentioned yesterday.
A gap up of 70 points is possible today in #Nifty.
Now if we look at upside 22250 is the major resistance. And for support we can mark 21998 level.
If we sustain above the resistance then we can see a fresh lifetime high of 22322.
After 22123, we can see a major short covering.
However, being the weekly expiry market may be in rangebound day. So trade carefully and mark proper Risk-Reward Ratio.
Now for #BankNifty 47156 would be the next short covering trigger and may achieve the Intraday target of 47363/48305.
46300 would be the final Stoploss for all long positions.
Rest, Market is Supreme and I am also it's student trying to understand it everyday. Failing and learning and adjusting.
So don't take my advice as buy/sell recommendation. These are just study and assignments I give to my students.
All the best. Have a profitable day ahead.
#TrendX #Learning #Masterclass
22 Feb 2024, Thursday.
So after a good correction market bounced back from exact support mentioned yesterday.
A gap up of 70 points is possible today in #Nifty.
Now if we look at upside 22250 is the major resistance. And for support we can mark 21998 level.
If we sustain above the resistance then we can see a fresh lifetime high of 22322.
After 22123, we can see a major short covering.
However, being the weekly expiry market may be in rangebound day. So trade carefully and mark proper Risk-Reward Ratio.
Now for #BankNifty 47156 would be the next short covering trigger and may achieve the Intraday target of 47363/48305.
46300 would be the final Stoploss for all long positions.
Rest, Market is Supreme and I am also it's student trying to understand it everyday. Failing and learning and adjusting.
So don't take my advice as buy/sell recommendation. These are just study and assignments I give to my students.
All the best. Have a profitable day ahead.
#TrendX #Learning #Masterclass