Nifty - Intraday

NSE:NIFTY   Nifty 50 Index
🔰Educational Purpose
Today Nifty is created Doji on Day candle, It means market taking pause or rest
RSI level again near to 71-72, From Jan 21 we were not able to Sustain/cross 72 on day chart.

🔰 Intraday View:-

Flat Opening(near closing)
Wait for 15min Candle Closing above 16340 then enter in CE position
if came down after opening flat towards 16230,
16220-16230 is support for Nifty if get any buying signal here then buy with Strict 30 points SL

Gap up - above 16330
if opens above level then nifty can travel further more upside towards 16360 16400
& any dip towards 16290 is buying opportunity.

Gap down-
For gap down scenarion 16220 is LOC if closed below this level, then n then we can expect some futher down side 16180 16130 level.

Note - Put Strict SL in any condition*

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