NIFTY - FULL update

11 feb 2022

🤔 Three parameter need to track when you take entry
1. Stop loss
2. Target
3. Trailing stop
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NIFTY SPOT - Close - 17374.75 dn 231 (11/02/2022) , , , , ,
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> View for 12 Feb ,
> No clear trend on 60 and daily chart ,
> On intra day resistance need to cross 17468 and 17605 for upper targets 17962 - 18533 and down side support to test 17212 and if close below it then more weakness to follow,
> Intra day levels upside 17421-17457-17479-17515 and dn side 17327-17292-17269-17234
> Close below Daily support 17212 will end upside possibility
> On Daily trend w iii of w3 Target 17962 - 18533 and w3 between 18940 to 19150
> Over all WAVE 5 TARGET 20033 ( after crossing 18350 Swing )
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> As per reversal trading system ,
> 2nd trading day of Daily trend UP and tomorrow will turn DOWN if closing BELOW trailing daily reversal 17354,
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> Daily trend Up - Trailing Support 17212 ( valid for 11 FEB )
> Weekly trend UP - Trailing Support 16939 , ( valid till 11 FEB )
> Monthly trend UP - Trailing support - 15740 , ( valid till 28 FEB )
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>> Now Swing TURNED DOWN with level 18350 -
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Sector and specific script may move as per their trend , not necessary that all script will come down or go up with NIFTY.
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Disclaimer : Details given are as per my knowledge / experience and education purpose only , please take decision after contacting your registered financial advise