Nifty Prediction for This Week (18-23 Dec.,) for Option Traders.

Nifty Spot Chart Weekly Levels - 18-23 Dec., 2023
📈 Weekly Range: 722.8 Points

📉 Sell Setup:

⬇ Sell below - 21045.61
🎯 Target 1: 21009.96
🎯 Target 2: 20733.85
🔄 Seller SL: 21226.19

📈 Buy Setup:

⬆ Buy at 21216.19
🎯 Target 1: 21903.34
🎯 Target 2: 22179.45
🔄 Add one lot at 21130.9,
🔄 Buyer SL: 21035.61

📊 Trade Analysis:

Sell Setup:

The sell setup suggests entering the market at 21045.61 with the first target at 21009.96 and the second target at 20733.85. The protective stop-loss is placed at 21226.19 to manage potential losses.

Buy Setup:

For the buy setup, consider entering at 21216.19 with the initial targets set at 21903.34 and 22179.45. If the market retraces, add one lot at 21130.9 with a buyer's stop-loss at 21035.61.

Weekly Range:
The anticipated weekly range is 722.8 points, providing traders with a framework to gauge potential market movements.

Disclaimer:

This analysis is based on technical indicators and historical price movements. The market is inherently unpredictable, and past performance does not guarantee future results. The provided levels and targets are subject to market conditions, and it's essential to use proper risk management strategies. The user is responsible for their own trading decisions, and this analysis should not be considered as financial advice.

Trade wisely and stay informed! 📊💡