Nifty is likely to have gap down opening owing to china US trade war escalation. Index might open gap down by about 40 points and continue down ward. The range of movement is likely to be around 60 to 70 points. Finally index may close around 11465 and can be considered as base set-up for likely consolidation for next day or two. Of course, the international markets will have major weight in deciding the further course.
This conviction is for education purpose only. Use your own study for understanding risks in trade. NSE:NIFTY
Correction: Read closing price to be 11415 as against 11465
Trade closed: target reached:
Nifty likely to consolidate at this level (11400- 11415). Don't see much movement below this at least today. Put buyers must have made money.