nifty plan for 24/2/23
the level of 17558 (50ma) is likely to act as support/resistance level. on cues from global markets, nifty is expected to open gap-up above the 50ma levels and find support on 50ma. trading plan will be to enter long-side trade on retest at 50 MA with targets of 17600/654/700. in case of rejection at 50 MA, the down side trade is 17500/174358. Vix is still high and markets are likely to be volatile.
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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.