Nifty for Coming week 21.02.2022
Updated
NIFTYCMP 17,226
Qty: 1 Lot Shares
1. Resistance/ Supply: 17,675 to 17794 (daily)
2. Resistance/ Supply: 17,337-17-365 (15 m)
3. Support / Demand : 17,034 - 17,115 (1 Hr)
4. Support / Demand : 16,675-16383 (weekly)
In case Nifty opens Up or Gap Up buy a call of ATM 17,400 and hold till 17,650. buy when the market is stable 10-15 rs difference come dut to IV. at 17,675+ Buy put ATM
In case Nifty opens down Buy call ATM at 17,100 and hold SL point is 17,000. max loss 100 point . Or if goes below Buy a call ATM at 16,600-16,700. This is a stronger zone and can give big profit with a strong bounce back.
Review of Last week: Nifty remained range bound 17250 to 17500
Disclaimer: the author may enter in trade, take your own decision , This is a trading idea not a trading or Investment advice
Trade closed: target reached
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