Nifty Spot Chart Weekly Analysis for 4-8 March for Options.

📊 Nifty Spot Chart Weekly Levels 4-8 March, 2024
🎯 Weekly Range: 558.9

➡️ Buy at 22206.05, Average Position at 22140.1
🎯 Buy Target 1 - 22723.8, Buy Target 2 - 22937.3
❌ Buyer Stoploss - 22019.75

💰 Sell at 22074.15
🎯 Sell Target 1 - 22033, Sell Target 2 - 21819.5
❌ Seller Stoploss - 22260.45

Analysis:

The weekly range indicates a significant potential for price movement in the Nifty index.
The suggested buy entry point at 22206.05 suggests a bullish sentiment, with average position at 22140.1 indicating a strategic approach to accumulate positions.
Buy targets at 22723.8 and 22937.3 imply a potential upward movement in the index.
A stoploss for buyers at 22019.75 is recommended to mitigate potential losses.
The suggested sell entry point at 22074.15 suggests a bearish sentiment, with sell targets at 22033 and 21819.5 indicating potential downward movements.
A stoploss for sellers at 22260.45 is recommended to manage risk in case of unexpected upward movement.