Nifty -15 July 2020 trade setup
Updated
Nifty is on demand zone (10603-10565). Kind of Pro gap-up , 2 times very power full reactions we seen from demand zone.
Buy side
Next session with gap up and movement on one direction.Is history repeats than we can see good upside movement tomorrow and RSI should be 50 plus.
Buy above 10610-10615.
Sell side
If not sustain on demand zone than we can see to touch down side level 10500/10450.
After successful crossed demand zone (10603-10565) we can look for selling
Buy side
Next session with gap up and movement on one direction.Is history repeats than we can see good upside movement tomorrow and RSI should be 50 plus.
Buy above 10610-10615.
Sell side
If not sustain on demand zone than we can see to touch down side level 10500/10450.
After successful crossed demand zone (10603-10565) we can look for selling
Note
Facing resistance at yesterday opening price level.Note
According to CPR concept today is sideways bullish. So don't expect high profit pints on any side. Even Banknifty is not supporting NIfty another reason.Note
Note
can short see setup
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