Nifty view for 22 March 2021

Nifty 50 IndexNSE

Description

⋅ Mar 21, 2021 10:13 AM

Hi, I'm Subhajit Das, this is my Nifty view for 22 March 2021. this is only for education purpose there is no such buying selling recommendation.

Trend Analysis

Comments

Stockoholic_PearlCity

⋅ Mar 21, 2021 10:23 AM

is it S1, S2, R1, R2 and Pivot?

subhajit1993

⋅ Mar 21, 2021 10:27 AM

@arunamalrajmca, No Pivot concepts is there.
the important level is Support Resistance based on previous price action.

Stockoholic_PearlCity

⋅ Mar 21, 2021 10:29 AM

@subhajit1993, Ok thanks, Can you help me on how to place a SL when trading options. I have doubts regarding the points to look for to place a SL

subhajit1993

⋅ Mar 21, 2021 10:33 AM

@arunamalrajmca, Option have no identity itself it based on cmp or spot, your SL will be based on spot level. eg if buy near support then your sl will be below support or vice versa.

Stockoholic_PearlCity

⋅ Mar 21, 2021 10:54 AM

@subhajit1993, thanks

Stockoholic_PearlCity

⋅ Mar 21, 2021 10:22 AM

Hi subhajit1993, Thanks for the info
Could you please explain better what do these lines that you have drawn mean?

subhajit1993

⋅ Mar 21, 2021 10:30 AM

@arunamalrajmca, its very simple. the lines which are above cmp will be the resistance level and vice versa.