NIFTY 1H TF
Updated
Nifty is moving in a strict channel. I can see it giving a great move once it breaks from either side. More chances of bounce back from the support level.
It will be a good time to add some Calls and shorting some puts if bounces back from 17800's level.
Targets :- 18300, 18604, 19200+
If it breaks the support you can go take your targets to be 17614, 17450, 17330
Disclaimer :- This is just my view. Please analyse charts yourself and then decide to initiate trades.
It will be a good time to add some Calls and shorting some puts if bounces back from 17800's level.
Targets :- 18300, 18604, 19200+
If it breaks the support you can go take your targets to be 17614, 17450, 17330
Disclaimer :- This is just my view. Please analyse charts yourself and then decide to initiate trades.
Note
As expected NIFTY has touched it's lower level, expecting it to gtouch the lower level of 17840's and a strong bounce back tomorrow in the second half. It will be good to go for some calls from 17900-18050's in the second half, it can give a good R:R .
Expecting NIFTY to close at around 18050-18100 levels.
In case it breaks down, the next target would be 17600 level.
Trade active
This breakdown can fill all the gaps. Expecting it to fill the gap of 15900 as well, so one can keep adding puts on some of the retracements as it might gave good R:R.
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.