Nifty Spot Chart Weekly Analysis for 22-26 Jan, for Options

21 בינו׳

📈 NIFTY SPOT CHART Weekly Technical Analysis for 22-26 Jan., 2024
📊 Weekly Range: 838.6

Buy Setup:
Entry: 21803.8
Target 1: 22090.05
Target 2: 22410.4
Add Position at: 21704.85
Buyer Stoploss: 21524.27

Sell Setup:
Entry: 21605.9
Targets 1: 21053.55
Targets 2: 20733.20
Seller Stoploss: 21885.43

Analysis:
Nifty Spot Chart presents a compelling setup for traders. The buy entry at 21803.8 provides an opportunity for an upward move towards targets at 22090.05 and 22410.4. Adding one lot at 21704.85 enhances the position, with the buyer stoploss at 21524.27 offering protection.

On the contrary, the sell entry at 21605.9 opens possibilities for a downward move targeting 21053.55 and 20733.2. Implementing a seller stoploss at 21885.43 ensures prudent risk management.

Caution:
Traders are advised to stay vigilant to market conditions and make necessary adjustments to their positions.

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