We have tried to find out the Nifty Spot range. The Nifty Index is stuck in this range since 3rd February 2021 till today. Let's see on which side it will give us the breakout. Current Range is 14000 to 15100. Any side day closing will lead be a big trend. Disclaimer: For Education purposes only.
As per current analysis of Trend Finder, Nifty is above the Indicator. But Indicator is showing Red signal. So it's a non-directional abrupt movement scenario. We should not trade in this type of scenarios. Waiting is the best tool to trade in stock market.
Nifty spot is trying to go upside. But as per Idea currently looking like a non-directional. So better wait and watch for some time. As and when Trend Finder Indicator will turn out to be green, we will buy if Price will be above the indicator. If price will be below indicator on green, then it will again a non-directional instrument. Disclaimer: All the ideas...
Nifty is now looking good for buy side. We can take the stop loss around 15085. on 15 minutes candle close below 15085. All levels are spot levels. Immediate Targets would be 15181-15191. For next coming days Nifty might stop near 15200 as it is a big resistance point. You can also tails Stop Loss as per your own Technical Analysis.