NIFTY | SCENARIO 2 | 22-07-2021

NSE:NIFTY   Nifty 50 Index

This is Scenario-2 for NIFTY for good gap up and turnaround in the global sentiment which is bullish at this moment.

In this I have mentioned 2 trade setup on the bullish side with entry, target and SL for each.

For 2nd Entry above 15750 it have 2 targets. If Bullish sentiment remains strong on the expiry day, then there can be chance to hit target of 15850. Since Thursday is expiry hence it is recommended to at least book partial profit on 15800 level if one get in to 2nd trade entry.

Hope this idea is helping you to understand price action of the market.

Do comments if you want such scenario for BANKNIFTY as well.

Comment, if you have any doubt/suggestion.