NIFTY 18TH APRIL | 23000 or 22500?Hello Traders,
The market (NIFTY50) is currently trading at 22753. However, it's important not to blindly follow the buy or call side under the yellow box, as it signifies a UPWARD TO SIDEWAYS zone.
Here are the levels and analysis for the NIFTY Expiry on April 18th (23000 or 22500?):
Point 1: Avoid using the maximum amount in the Yellow zone, ranging from 22775 to 22700.
Please do not trade in the 75-point zone.
Point 2 (BULLISH): Consider going for the CALL side or bullish positions once the market crosses 22780.
The targets will be:
Target 1: Small Target with 87 Points which is 22856
Target 2: Big Target and All Time High with 23000 cross which is 23004+
After this, I expect a fall similar to 16 JAN 2024 when the 22000 level break.
Point 3 (BEARISH): Go for the PUT side or bearish positions when the market crosses 22700.
The targets will be:
Target 1: Small Target with 54 Points which is 22650.
Target 2: Big Target of 200 points which is 22500 and once this Target is achieved then we will be on the same page where we started on 28 March and then started TRAP TRADING.
Also, Don't forget to see my Previous analysis:
As per my 4th April Nifty Expiry, Our Entry Happened on 4th April, and TARGET Achieved on 8th April.
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
Thank you for Reading my complete Analysis,
Naveen
