Nifty 50

٤ فبراير ٢٠٢٣

On weekly chart nifty 50 has created piercing pattern if nifty open above last week high then its a good time to go long in nifty50 18100 ce monthly expiry would be a good idea to hold.

With a 20% Stoploss and target atleast 30% to 50% in premium

If nifty fail to sustain then we may see a down swing again

Key levels for nifty would be

17800 pivot
18000 R1
18200 R2
18500 R3

Dow side

17700 S1
17500 S2
17300 S3

Either side hedge your position with strict SL