If the market opens with a gap up of around 600 points, Nifty is expected to cover the Fair Value Gap (FVG) from 22860 to 22700, which may trigger a profit booking phase initially.
After filling the gap, we could see a reversal or bounce-back from 22700 levels, aiming towards 23240, suggesting a highly volatile market today.
Key Levels to Watch:
FVG Zone: 22860 – 22700
Support Zone: 22700
Resistance Target: 23240
Trade Setup:
Be cautious during the FVG fill phase.
Look for reversal confirmation at 22700 for long trades.
Expect sharp swings—ideal for intraday traders with tight SL and quick targets.
After filling the gap, we could see a reversal or bounce-back from 22700 levels, aiming towards 23240, suggesting a highly volatile market today.
Key Levels to Watch:
FVG Zone: 22860 – 22700
Support Zone: 22700
Resistance Target: 23240
Trade Setup:
Be cautious during the FVG fill phase.
Look for reversal confirmation at 22700 for long trades.
Expect sharp swings—ideal for intraday traders with tight SL and quick targets.
Trade closed: target reached
Fair Value Gap Almost covered
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.
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.