NIFTY FUTURES BUY CALL

NIFTY FUTURES (CMP: ₹23,174)

📈 Trade Setup (1–15 Days)

✅ Buy Above: ₹23,220

🎯 Target 1: ₹23,320

🎯 Target 2: ₹23,450

🎯 Target 3: ₹23,600

🛑 Stop Loss: ₹23,090

📊 Potential Upside: 0.6% – 1.8%

⚖️ Risk : Reward Ratio: Up to 1 : 3

⏳ Timeframe: 1–15 Days

Chart Observation

Price is trading near the 0% Fibonacci support zone (23,162–23,175).

Short-term trend remains weak as price is below key Fibonacci retracement levels.

RSI is around 38–40, indicating bearish momentum but nearing an oversold region.

A sustained move above 23,220–23,240 can trigger a relief rally toward 23,320 and higher.

If 23,160 breaks decisively, further downside toward 23,050–22,950 cannot be ruled out.

Trading View

🟡 Wait for confirmation above 23,220 before initiating fresh longs.

🔴 Below 23,090, avoid long positions.

Probability of Success: 60–65% (only if price sustains above ₹23,220)

*SHREEJI FINANCE & INVESTMENT*

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⚠️ Futures trading involves high risk. Use strict stop losses and proper position sizing.