NIFTY Analysis/Prediction for tomorrow 01-08-2022

Jul 31, 2022

NIFTY Analysis/Prediction for tomorrow 01-08-2022

For Flat Opening
🟢 Buy CE above 17200
✔️ Target Should be 17340
🔴 Buy PE below the trendline.
✔️ Target Should be 17020

For Gap-UP Opening
🟢 Buy CE near 17150
✔️ Target Should be 17340
🔴 Avoid PE

For Gap-Down Opening
🟢 Buy CE above 17160
✔️ Target Should be 17340
🔴 Buy PE below 17000
✔️ Target Should be 16930, 16870

Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 50 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.


Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.

Aug 1, 2022

Trade closed: target reached