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Nifty View for 7 May 2021

NSE:NIFTY   Nifty 50 Index
Analyzing the trends and levels, there are 3 possible scenarios considering we are in a bull run.
Green: Gap Down Opening (Marked Buy and Target Levels with Proper SL)
Red: Gap up Opening(NO trade )
Blue: Flat opening(Marked Buy and Target levels with proper SL).
Kindly do your own research . NFA
Comment: As expected after a big gap up market remained in a range as given. No major trades except scalps at 15680 and 15700 for small targets. Good day for short strangles/straddles as well.
Happy Trading!

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