Nifty 50 IndexShort
Nifty - Short term Trend Analysis - Feb & Mar 2023
Nifty BEARISH?
Yes! Nifty looks bearish and its trading in range for now. There is a strong resistance at 18116/18214 level - Only BULL run expected above this Resistance zone until its SELL on raise.
Probably 16800 will be target if lower side is possible. On the other hand if closes above 18256 - higher side Target is 18700
BULLISH Trend in Nifty is expected only above 18256 - Daily candle close above for the Target of = 18700
Incase of Channel Breakout on Daily close below 17760, then Down side move upto 900 Points i.e 16800 is expected in Feb/Mar 2023
Yes! Nifty looks bearish and its trading in range for now. There is a strong resistance at 18116/18214 level - Only BULL run expected above this Resistance zone until its SELL on raise.
Probably 16800 will be target if lower side is possible. On the other hand if closes above 18256 - higher side Target is 18700
BULLISH Trend in Nifty is expected only above 18256 - Daily candle close above for the Target of = 18700
Incase of Channel Breakout on Daily close below 17760, then Down side move upto 900 Points i.e 16800 is expected in Feb/Mar 2023
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