Nifty - Expiry Ending 02nd Feb 2022
Nifty is in downtrend. Chart is self explanatory. I will not take bullish trade, even if market rallies 500 points. If Nifty breaches lower resistance, I will short at upper resistance zone for just 100 points. If market does not breach lower resistance and starts falling, I will carry my shorts till the target at lower level near 17250-17300. Always take trade very near to resistance or support so that you don't have to pay more than 20-30 points SL to market. All the best, thank you!
Trade closed: target reached
Closed trade for this week, 2 SL hits and exact target not achieved. Closed near 17350. Will post next week trade by Sunday. Thank you!
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.