Nifty Ready for big Expiry ?

May 15

NIfty today opened high then got immeadiate sell off from top and consolidated whole day in tight range tommorow could be a big trending expecting in my view.Nifty struck in triangle which everside breakout happens and sustains can give good moves.


Resistance : 22250 above long tagets of 22300,22360,22400,22420.
Support: 22160 below short targets of 22100,22050,21950,21900.

Mentioned Support&Resistance and Targets can act as reversal points also please check price action on those levels.

May 15

Note

May 16

Note

gap up open waif for a dip to 22250 area then look for long option today reliance can perform good today as wind fall tax been cut

May 16

Note

watch for positive price action here

May 16

Note

Nothing changed same pattern everyday opening gap up then sell off and consolidating, i thought of this expirty will be good since few days it it in a range .

May 16

Trade active

Entry short on retest of 22200 area

May 16

Note

May 16

Trade closed: target reached

May 16

Note

if this contiumes expecting it to test 22070 also today look for sell on rise do not short on lows

May 16

Note

22070 acheived even it gave wild move towards upside only to find a resistance at 22300 area and that is higher low from day high rejected fell to expected area mentioned at 22070 below.