NIFTY – 06-FEB-2024 Analysis 📈📉
NIFTY has undergone a correction move, completing its ABC correction wave on a smaller 15-minute time frame, potentially extending to 21641-21608. Here's a professional rewrite of the trade plan with added emojis:
Gap Up Opening above 21800 🌅:
Short Trade near 21900 – 21855 📉 with SL of 21930 for the Target of 21750 - 21700 🎯
Buy if prices sustain above 21940 with SL of 21920 for the Target of 21041-21050 📈
Flat Opening 📉📈:
Look for buy trade near 21725 if prices open flat and find support at 21700 with SL of 21690 for the target of 21800 - 21855 - 21900 📈
If prices don’t take support at 21700 and SL HIT for the first trade, look for another Long Trade near 21640 - 21610 with SL of 21580 for the Target of 21750 - 21800 📈
Gap Down Opening below 21675 🌄:
Look for Buying Trade near 21640 – 21600 with SL of 21580 for the Target of 21750 - 21800 – 21850 📈
If prices don’t find support near 21600 and start trading below 21550, prices can trade for the lower target of 21347 in the coming time 📉
NIFTY has undergone a correction move, completing its ABC correction wave on a smaller 15-minute time frame, potentially extending to 21641-21608. Here's a professional rewrite of the trade plan with added emojis:
Gap Up Opening above 21800 🌅:
Short Trade near 21900 – 21855 📉 with SL of 21930 for the Target of 21750 - 21700 🎯
Buy if prices sustain above 21940 with SL of 21920 for the Target of 21041-21050 📈
Flat Opening 📉📈:
Look for buy trade near 21725 if prices open flat and find support at 21700 with SL of 21690 for the target of 21800 - 21855 - 21900 📈
If prices don’t take support at 21700 and SL HIT for the first trade, look for another Long Trade near 21640 - 21610 with SL of 21580 for the Target of 21750 - 21800 📈
Gap Down Opening below 21675 🌄:
Look for Buying Trade near 21640 – 21600 with SL of 21580 for the Target of 21750 - 21800 – 21850 📈
If prices don’t find support near 21600 and start trading below 21550, prices can trade for the lower target of 21347 in the coming time 📉