Nifty Weekly Trend and levels for OCT 11 to OCT 15

8 Eki 2021

Last week we saw BUY side Triggered and we were able to get 3 Targets

Buy Trigger 17948.77

Buy Targets 18036.93 18124.61 18195.47 18266.33 18367.23 18428.48 18637.47 18866.88

Sell Trigger 17841.63

Sell Targets 17753.47 17665.79 17594.93 17524.07 17423.17 17361.92 17152.93 16923.52

Happy Trading guys. You can use this information in multiple manner .
1. BUY Nifty Future when BUY triggers with 17900 PE as hedge with 17841 as Stop loss
2. SELL Nifty Future when SELL triggers with 17800 CE as hedge with 17948 as Stop loss
3. Form an option strategy based on range

11 Eki 2021

Not

OCT 11: NIFTY Took Support of 17948 and reached 1st target 18036 (max is 18041) and went back to 17949 . BUY triggered with 179489. Points gained (87) if we had booked (1:05/1:33 PM) Resistance gave a signal for booking profits

12 Eki 2021

Not

OCT 12: We saw BUY Trigger becoming a resistance (Signalling a intrday SELL)) and took support at SELL BELOW level ( 17865 low and actual SELL Below 17841) to close at 17991 ( BUY above 17949).
Intraday action SELL @ 17948 and exit @ 17872 .=76 Points
BUY @ 17872 to 17991 = 119 as SELL BELOW became Support Total 170-195 points (approx ) gain