Nifty Spot View: 21/02/2023
Cmp: 17844.60
Support & Downside Range: 17808--17719
Resistance & Upside Range: 17915—18005---18035
Short Term Trend Reversal Level: -- 17719
Trading View: In today's trading session key level to watch is 17808 if this gets break tFor me market is still under selling pressure. If you see any upside move. Look for the opportunity to sell
Don't go long now. Look for short.
Trades? Intraday: Sell if you see a bearish price action.
Positional: Sell calls, Bear Call Spreads and Bear Put Spreads.
Bears will go more heavy on market and may try to retest 17719 spot levels whereas if 17808 holds then slowly we may see some recovery in market which may take nifty towards minimum 17915 and max 18005—18035 spot zone.
Trade accurately using our bank nifty option tips on a daily basis.
Adani group is going to be in limelight for the whole Feb month as one day or the other news keep coming about An dani enterprises which is spoiling the mood in the market.
Looking like a dead cat bounce in the absence of cash buying. There is no trigger today so it should fail by end of day. Let’s see …
