Nifty 50 IndexShort
NIFTY 50 view
There is consolidation phase going on in NIFTY 50 from Jan onwards NIFTY movement restricted as per following range :-
1. 22150 to Upperside.
2. 21164 to downside.
3. No one knows, where market will move in coming days. See the MACD closely, if this crossover happened and RSI breakdown below yellow line, marked with circle, then downside movement can be seen in the NIFTY 50 in Feb or Mar series.
4. So trade is this, Buy NIFTY PE 21200 of Feb or Mar expiry, if NIFTY breakdown below 21200 and sustained well.
5. Buy 22000 PE Jun 2024 @765 with strict stop-loss 600. Tgt open till NIFTY reaches 20300 and 19800.
6. High probability, Market has to correct before Loksabha Election to move further.
1. 22150 to Upperside.
2. 21164 to downside.
3. No one knows, where market will move in coming days. See the MACD closely, if this crossover happened and RSI breakdown below yellow line, marked with circle, then downside movement can be seen in the NIFTY 50 in Feb or Mar series.
4. So trade is this, Buy NIFTY PE 21200 of Feb or Mar expiry, if NIFTY breakdown below 21200 and sustained well.
5. Buy 22000 PE Jun 2024 @765 with strict stop-loss 600. Tgt open till NIFTY reaches 20300 and 19800.
6. High probability, Market has to correct before Loksabha Election to move further.
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