NIFTY
It open with gap down in the range of 15720.
It gave the significant Bullish Candle at 9.:30 , which break the level of 15685 zone. Which shows the bearish sign in the market.
But as per our scenario 2 we were expecting gap down till 15645 Zone but today that level of 15645 zone reached with the 3rd candle at 9:45am. And then it took reversal to test 15685 zone and faced the resistance.
And as per our scenario 2 this zone was the entry zone for PE/Short side and it hit our 1st target as per our first target and it was easy 50 points.
I have also mentioned 2nd entry in the Chart. Most of trader might have also taken that entry as well.
Some trader might have also get the 3rd entry as In 2nd half it again went up to test 15685 zone and failed again to break it above this level. And gave a very good move of 50points again. So it was the same 2nd trade at the same levels on the same day.
I am posting it to explain, working of price action at different levels. So sometimes if Nifty doesn't open as per our assumption then we have to follow our levels to get the trade. This is what happened today.
Do comment if you have any doubt. Also comments if my ideas and levels are helping you to understand price action.