Nifty Update on 18th February 2022

I tried to explain everything on the chart to understand the price structure and where we were trading. I have used the hourly chart to describe, but it's the same daily and weekly. Index swings, highs, and lows were messy, clearly an nondirectional market.

Intraday
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Intraday is very tricky and asks the expertise and experience both Sideways market is not easy to trade for novice traders. I am not demotivating to anyone. Try to explain what kind of market it is and what risks are involved.

INTRADAY RESISTANCE :17,350
INTRADAY SUPPORT : 17,200

Rules you must follow in Intraday.
1) Choose your segment Wisely
2)Avoid holding the overnight position
3)Minimum Position size
4)Use stop loss in the system
5)Closed the Terminal if target achieved

Understanding the importance of these trading rules and how they work together can help a trader establish a viable trading business. Trading is hard work, and traders who have the discipline and patience to follow these rules can increase their odds of s