The hourly candle formed on Friday, 7th Feb looks promising! A bullish engulfing pattern, confirming RD while taking support at AVWAP, sets up an interesting long opportunity. With the low of this candle on a closing basis as SL, going long makes sense.
📈 Upside Target? 24,000 in the coming weeks!
📉 What about ATH? A new all-time high (ATH) looks unlikely unless we see a clear breakout above the heavy supply zone of 24,200 - 24,300.
🔍 Trading Idea
For now, shorting PUTs seems like a good play, aiming for 23,800 - 24,000 levels with a clear SL of closing below 23,400.
👀 What's your view? Drop your thoughts below! 🔥📊
⚠ Disclaimer: This is my personal view and not a recommendation or tip. Please do your own due diligence and study before making any trading decisions.
NIFTY 
📈 Upside Target? 24,000 in the coming weeks!
📉 What about ATH? A new all-time high (ATH) looks unlikely unless we see a clear breakout above the heavy supply zone of 24,200 - 24,300.
🔍 Trading Idea
For now, shorting PUTs seems like a good play, aiming for 23,800 - 24,000 levels with a clear SL of closing below 23,400.
👀 What's your view? Drop your thoughts below! 🔥📊
⚠ Disclaimer: This is my personal view and not a recommendation or tip. Please do your own due diligence and study before making any trading decisions.
NIFTY 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.