Nifty Trade Plan for 10 June 2021 - Expiry Day setup

NSE:NIFTY   Nifty 50 Index
Nifty Trade Plan for 10 June 2021

How chart looks on HTF :
Nifty formed a bearish candle and managed to close just on the monthly opening price as support.

Expected Opening :
Expecting a flattish to small gap up opening in Nifty .

Today's Trade Setup :

Monthly Support (Purple dotted line) is a good support that was sustained in yesterday's session.

Expecting Nifty to open flat to small gap up.

In case Nifty opens flat, 15635 is the key support to watch out. Incase that holds good on opening then we can expect first resistance at 15696 and then we can expect it test weekly resistance at 15731 and
previous day high of 15800

In case if Nifty opens flat at 15635 and taken on lower side , look for the first support at monthly support of 15560 and if that is compromised you can look for 15432 next support.

Expect Range for Nifty is 15800 to 15462

Being expiry market to be very choppy and look out for premium decay, watch out for your entry timings.


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