Nifty 50 IndexShort
Nifty Analysis ! Nifty Levels ! Nifty Outlook ! Nifty Prediction
Here is my Trade plan for tomorrow:
As if now SGX NIFTY shows GAP DOWN OPENING
Condition 1: Support would be 16460 & Pending GAP is @ 16440. Market is likely to refill this gap by tomorrow following with 16366 & 16204 (Pending Gaps).
Note: If by any chance we see huge gap down-opening then definitely Short covering will happen. Need to wait first 15 minute check Open Interest & Volume & take trade accordingly.
Still market is bearish so don't go long with big quantity.
As if now SGX NIFTY shows GAP DOWN OPENING
Condition 1: Support would be 16460 & Pending GAP is @ 16440. Market is likely to refill this gap by tomorrow following with 16366 & 16204 (Pending Gaps).
Note: If by any chance we see huge gap down-opening then definitely Short covering will happen. Need to wait first 15 minute check Open Interest & Volume & take trade accordingly.
Still market is bearish so don't go long with big quantity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.