Nifty had a gap up opening, currently in Green Zone
I've marked the zones, as well as support and resistances, which you should interpret as consecutive targets as well when the index moves from the grey zone - regarding the targets, they may be a bit off unlike the previous times(didn't spend much time here), but I feel the zoning is done well.
Also, be careful and watch for reversal, as and when the index reaches 17690-17698 zone.
If the index closes below 17581 at the end of 2 hour candle, it means Nifty's headed down for the rest of the day, and probably below 17467.
3 Things
1 Deepavali is coming up - so in general they want the index in green, 'all is well' kind of mood. But who knows.
2 This expiry week has 2 holidays. Based on your risk appetite, continue trading current week options or move to next.
3 Today's Friday - already noticed time premiums dropping. So, try to keep short targets unless you're sure of the index's movements
Good Luck!
It's just my view and not a recommendation.
I've marked the zones, as well as support and resistances, which you should interpret as consecutive targets as well when the index moves from the grey zone - regarding the targets, they may be a bit off unlike the previous times(didn't spend much time here), but I feel the zoning is done well.
Also, be careful and watch for reversal, as and when the index reaches 17690-17698 zone.
If the index closes below 17581 at the end of 2 hour candle, it means Nifty's headed down for the rest of the day, and probably below 17467.
3 Things
1 Deepavali is coming up - so in general they want the index in green, 'all is well' kind of mood. But who knows.
2 This expiry week has 2 holidays. Based on your risk appetite, continue trading current week options or move to next.
3 Today's Friday - already noticed time premiums dropping. So, try to keep short targets unless you're sure of the index's movements
Good Luck!
It's just my view and not a recommendation.
Closing above/below 17580
Closing around 17530 level
Closing below apox 17488 level