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Nifty 50 Intraday Trade Setup for 17th February 2021

NSE:NIFTY   Nifty 50 Index
Good morning everyone,

Hope you guys are doing great in the stock market. Let's talk about our last idea based on harmonic . All targets achieved and we had seen a dot reversal from our harmonic PRZ in yesterday's trading session. Now the main question is the yesterday's negative sentiment will continue in today's trading session. As per technical, There is 2 majors level to watch in Intraday. 15,200 is Important support and 15,350 is an important resistance.

You know the levels now but it will not help until you have not proper mind setup and trading sense. What do I mean by trading sense. Let me explain

1- 24 hours left in the expiry
2- The index is still in the uptrend.
3-Yesterday sentiment is negative and it manages the call and put price
4-We are getting 150 point range which is big as per Intraday view.


Conclusion: A clear sign for a sideways market in today's trading session. The index will be trending only if these levels break in the first hour and sustained. so follow the levels strictly.
Comment: Take time but the market moves exactly we predicted.

Comments

Pandey Ji, ye swing short bhi on he 15510 SL ke sath. This is a strong resistance zone per weekly 1.618 fib n elliott wave fib clusters/projections

It must break 15500 with strong force (force=volume) if it wants to go up

+3 Reply
Sir i continuously follow ur study & try to implement in my day to day intraday.
Thanks a lot for ur knowledge.
+2 Reply
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