Nifty 50 and Bank nifty analysis for tomorrrow(16/02/2022)

 Nifty 50 chart

Technical analysis of Nifty 50 for Option trading

Observation:

• As we discussed yesterday when the Nifty 50 breaks the 17100 level with a strong candle then our first target will be 17200. And the second target will be 17300.
• We can see in the chart that both targets were hit in the second half.
• You can check here our today's targets.
• For Live targets follow us on Instagram. Or you can take targets via Insta DM.

Nifty 50 targets for option trading:

For Upside: 

• When the Nifty 50 breaks the 17400 level with a strong candle then our first target will be 17550 and the second target will be 17640.
• Mark these levels in your chart also.
• All the levels in the given chart will act as support and resistance, hope you understand.
• Trade with strict SL.

For Downside:

• When the Nifty 50 breaks the 17250 level then our first target will be 17150 and the second target will be 17050.
• All these targets only work when Nifty 50 opens a small gap-down or flat.
• Trade with strict SL.

Trading setup for tomorrow 

• Don't trade at the beginning of the market, let it make price action or wait for 5,15 min candle.
• Avoid large gap-ups and gap-downs.
• All the levels in the chart will act as resistance and support, hope you understand.
• If the market opens flat or small gap-up then our first target will be 17550 and the second will be 17640.
• Trade with strict SL.

Disclaimer:-  All the information on this website is for educational purposes only, please do your own analysis before taking any trade. If you wish to trade in any of these, consult a certified investment advisor first. We will not be responsible for any profit or loss caused by you. And these targets may or may not work so we will not be responsible for targets also.

Bank Nifty chart

Bank Nifty technical analysis for option trading

Observation:

• As we discussed yesterday when the bank nifty breaks 37800 level then our first target will be 38000 or 38090 and the second target will be 38400.
• As we can see in the chart our first target was hit in the second half.
• You can check here our today's targets.
• For Live targets follow us on Instagram. Or you can take targets via Insta DM.

Bank nifty targets for option trading:

For Upside:

• When the bank nifty breaks 38400 level with a strong candle then our first target will be 38770 and the second target will be 39000 and the third target will be 39200.
• Trade with strict SL.

For Downside:

• When the bank nifty breaks 37900 level with a 15 min strong candle then our first target will be 37600 and the second target will be 37300.
• Trade with strict SL.

Trading setup for tomorrow 

• Don't trade at the beginning of the market, let it make price action or wait for 5,15 min candle.
• Avoid large gap-ups and gap-downs.
• All the levels in the chart will act as resistance and support, hope you understand.
• Trade with strict SL.

Disclaimer:-  All the information on this website is for educational purposes only, please do your own analysis before taking any trade. If you wish to trade in any of these, consult a certified investment advisor first. We will not be responsible for any profit or loss caused by you. And these targets may or may not work so we will not be responsible for targets also.