NIFTY FEBRUARY 2ND WEEK ANALYSIS

٨ فبراير

Nifty is looking uncertain. If Nifty crosses and sustains above 23750, only then we can expect upside momentum upto levels of 24156-24300. The base for an upside would be 23612. While on the downside, if Nifty breaches 22750, upon its breaching 23400, there would be strong short covering levels of 23292 and 22950.

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*****CORRECTION POST*****
Nifty is looking uncertain. If Nifty crosses and sustains above 23750, only then can we expect upside momentum upto levels of 24156-24300. The base for an upside would be 23612. While on the downside, if Nifty breaches 23400, then we can expect downside momentum upto levels of 22750. While in between, imp short covering levels would be 23292 and 22950.