The markets witnessed an exhaustion gap on friday where it ended on red despite opening in green.
The structure of the market however remains bullish.
Trends on sgx nifty show that the market is going to open with a heavy gap down on monday .
The most important support for nifty lies at 17436 .
A long trade in nifty can be initiated at this support with a very small stoploss and RTR upto 3.30 can be achieved.
T1-17464
T2-17495
T3-17522
The structure of the market however remains bullish.
Trends on sgx nifty show that the market is going to open with a heavy gap down on monday .
The most important support for nifty lies at 17436 .
A long trade in nifty can be initiated at this support with a very small stoploss and RTR upto 3.30 can be achieved.
T1-17464
T2-17495
T3-17522
Comment:
Ok as you can see, the market is going to open just above our support . You can now initiate a long trade in the range of about 17426-17436 with our targets.
You can wait for it to give closing above our support and then take long trade for our targets.