Nifty - Weekly and Intraday analysis for 20 Feb 2023
Nifty Coming Week - Trending move is expected.
Trading Range between 18150 & 17730, Nifty looks still bullish we have strong support at 17800 & 17730 level from here we can expect upmove in Nifty.
If incase any weakness and closes below 17700, we would see 17600 which will be tested.
Tomorrow (Monday) - BEARISH with Negative Sentiment - If any gap up open and sustains above 17950 we can take BUY entry for targets 18000/18050, if any rejection trades below 17920 we can look for SELL entry for lower targets.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Trading Range between 18150 & 17730, Nifty looks still bullish we have strong support at 17800 & 17730 level from here we can expect upmove in Nifty.
If incase any weakness and closes below 17700, we would see 17600 which will be tested.
Tomorrow (Monday) - BEARISH with Negative Sentiment - If any gap up open and sustains above 17950 we can take BUY entry for targets 18000/18050, if any rejection trades below 17920 we can look for SELL entry for lower targets.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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