Nifty Spot Chart Analysis for Tomorrow 01 Feb., 2024 For Options

31 Oca

📈 Nifty Spot Chart Levels 📈
📅 Day Range - 292.5 Point (Front Range Trigger Point Either Side)

📊 Buy at 21629.62
🎯 Target 1 - 21906.47
🎯 Target 2 - 22018.2
➕ Add one lot at 21595.1
🛑 Buyer SL - 21550.58

📉 Sell at 21560.58
🎯 Target 1 - 21544.94
🎯 Target 2 - 21433.2
🛑 Seller SL - 21639.62

📈 Pattern Identified: Inverted Head and Shoulder
The Nifty 50 chart has revealed a compelling pattern - the inverted head and shoulder, indicating a potential bullish reversal. Here's a breakdown of the analysis:

📉 Rationale:
The inverted head and shoulder pattern is a bullish signal, often indicating a shift in market sentiment.
Targets are set based on the pattern's measured move, projecting upward potential.


Trade wisely, and may the charts be in your favor! 🚀💹 #Nifty #StockMarket #TradingTips