Nifty Trade Setup for 11 MAY 2022
Nifty is bearishly aligned.
Expecting a gap down opening in Nifty around Bearish Breakout zone. Any resistance from S1 / Bearish Breakout Zone we can expect Nifty to test out T1/T2 & even extended targets of 15900 levels before finding the support.
Any support confirmation at 15970 levels we can possibly look for a buying opportunity.
In case 15970 getting compromised further we can expect next support for nifty around 15800 & 15500 in coming days.
Nifty is bearishly aligned.
Expecting a gap down opening in Nifty around Bearish Breakout zone. Any resistance from S1 / Bearish Breakout Zone we can expect Nifty to test out T1/T2 & even extended targets of 15900 levels before finding the support.
Any support confirmation at 15970 levels we can possibly look for a buying opportunity.
In case 15970 getting compromised further we can expect next support for nifty around 15800 & 15500 in coming days.