NumroTrader

Nifty Spot Chart Analysis for 06 Feb, 2024

NSE:NIFTY   Nifty 50 Index
📊 Nifty Spot Analysis for 6 Feb., 2024 📈

Day Range: 237.35 Points

📈 Buy Levels:

Buy at 21873.63 🎯 Target 1: 21918.38 🎯 Target 2: 22009.05
Add one lot at 21845.63
Buyer Stop Loss: 21807.62

📉 Sell Levels:
Sell at 21817.62 🎯 Target 1: 21625.02 🎯 Target 2: 21534.35
Seller Stop Loss: 21883.63

🔍 Analysis:
The Nifty spot chart exhibits a day range of 237.35 points. Consider buying at 21873.63 with initial targets at 21918.38 and 22009.05. Add an additional lot at 21845.63 for potential gains. Buyer stop loss is set at 21807.62. On the selling side, execute a trade at 21817.62 with targets at 21625.02 and 21534.35, keeping the seller stop loss at 21883.63.

📅 Stay Informed:
Stay updated with the day's Nifty movements. Set your strategies based on the provided levels for potential profits.

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Seasoned index & commodity trader with excellent technical analysis skills.

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