NIfty Expiry Day Special Analysis || Hero Zero Trading Day.

Good Morning Traders,
Nifty done smart recovery in yesterday session and given closing above 19700, and formed a bullish candlestick pattern on daily chart, this pattern is indicating further upside can seen from here.
Let me explain a bit about bullish Engulfing Pattern to you guys'.
A bullish Engulfing is a two candlestick pattern where in a small red candle is followed by a large green candle that completely covers the previous day's red candle. It is considered a reversal pattern and formed after downtrend.
Well i think any dip will be a good opportunity accumulate in downside in nifty. On the Upper side, the resistance is situated at 19750. A clear breakout is necessary to anticipate a substantial rally in nifty. A decisive move beyond 19750 could potentially push Nifty towards 19900 levels. On the downside the support is established at 19550-19600 levels.

Important Levels for Nifty:-

Strong support zone 19550-19600
Strong resistance zone 19850-19900

Buy above 19767, if levels sustain at least for 15 mints.
Targets we can see in upside 19883/19884+
Keep stop loss at 19677

Sale below 19677, if levels sustain at least for 15 mints.
Targets we can see in downside 19588/19521
Keep stop loss at 19767

Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Thankyou.

Comment:

Hello guy's Market is trading now at support zone, i am expecting a bounce back towards 19700+ levels.
so want to play hero zero
but guy's we are taking this trend against to trend. But there is higher probability that market will bounce back.

okay so take nifty 19650 Ce, now at 13 rs.
Targets will be 20/33/45/65++

Comment:

And Guy's game over???
Trade close