RaviChandran_Rajkumar

Nifty Trade Setup for 17 NOV 2021

NSE:NIFTY   Nifty 50 Index
Nifty Trade Setup for 17 NOV 2021

Nifty looking weaker by closing below next day CPR levels in yesterday session.

Expecting a flat to small gap down opening.

If previous day low is compromised then the first support is around the bearish Breakout zone of 17900 and then if that is taken out we can expect 17800 to be tested.

To go long today only if CPR is taken out on the upside then we can expect Bullish Breakout zone of 18100 to be tested.