WaveTalks: Nifty - Can It Cross 18350 Levels?

WaveTalks Updated   
NSE:NIFTY   Nifty 50 Index
Nifty could not hold critical level 16400 as per last idea but now again it is on channel support. Holding 16150-16200 zone which is another critical support zone.

If this zone holds then Index has fair chance of bouncing upside to 17220 levels / halting close to that level & later above can push to 18350 levels
Trade active:
11:00 Hrs / 25th Feb 2022

Last @ 16722

Book partial profits in 16725-16750 zone. Once it starts falling below 16700/ can slip to 16650/16600/16550/16450 as correction to ongoing up move from 16200 to 16750. Any continuation above 16750 will attempt 16800+

12:21 Hrs / 25th. Feb 2021

Last @ 16679

1st Target 16725 to 16650 Done. Current Low- 16645. Corrections are always a stepping stone for prior trend which was bullish in opening session so bulls can come back once again for 16750 / 16800+ Targets once it crosses above 16650

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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