Nifty levels for Tomorrow..
Global Markets are bleeding - Dow down by 2% and SGX down 1% as of now
Expectation : Big Gap down Open - then Short covering Rally
Nifty likely to Open with Big Gap down tomorrow around 17800 near Target 2. 17800 will act as Strong Support where it can bounce and Nifty may close around 17000 again EOD.
Entry and Target levels are highlighted in the Chart.
For quick scalping, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Global Markets are bleeding - Dow down by 2% and SGX down 1% as of now
Expectation : Big Gap down Open - then Short covering Rally
Nifty likely to Open with Big Gap down tomorrow around 17800 near Target 2. 17800 will act as Strong Support where it can bounce and Nifty may close around 17000 again EOD.
Entry and Target levels are highlighted in the Chart.
For quick scalping, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Comment:
Nifty Opened Big Gap up, above Target 2 and now is at 1 Hr 200 EMA Resistance. All the resistances above yesterday close price are broken on the opening and now those will act as Support
