NIFTY 50 Analysis for 2/9/2024

If tomorrow's closing price falls below 21700, there is a direct trajectory towards 21460. Please examine the 21500 PE Contract expiring on 15th February; it exhibits an inverted head and shoulders pattern on the 5-minute time frame. Remember to engage in trading activities based on your individual risk tolerance.

It is advisable to adopt a bullish stance only if the price rises above 21810; there is little justification for a bullish outlook below this level. Trade on your own risk, and remember that the information is provided solely for educational purposes.