Nifty Analysis ! Nifty Levels ! Nifty Outlook ! Nifty Prediction
After a sideways market what next ?
As per me sooner we will heading toward 16366 &16204 (Gap down pending).
Note: We will not be taking any Long position until 17000 taken out, mean while we can only go with small quantity.
Support 1:16460
Support 2: 16360
Res 1: 16650
Res 2: 16741
Condition applied:
Condition 1: If we see any gap down opening near by 16460 then wait for 15 min to sustain the level & then take entry on put side.
Or
If we see gap down opening below 15460-16366 even though wait for 15, mark high low & then take trade.
Condition 2: If market Gap up then check OI & Volume, wait for pattern : Three White soldier pattern / Three black crow pattern & then take position.
As per me sooner we will heading toward 16366 &16204 (Gap down pending).
Note: We will not be taking any Long position until 17000 taken out, mean while we can only go with small quantity.
Support 1:16460
Support 2: 16360
Res 1: 16650
Res 2: 16741
Condition applied:
Condition 1: If we see any gap down opening near by 16460 then wait for 15 min to sustain the level & then take entry on put side.
Or
If we see gap down opening below 15460-16366 even though wait for 15, mark high low & then take trade.
Condition 2: If market Gap up then check OI & Volume, wait for pattern : Three White soldier pattern / Three black crow pattern & then take position.