NIFTY Analysis/Prediction for tomorrow 08-08-2022

Aug 7, 2022

NIFTY Analysis/Prediction for tomorrow 08-08-2022

For Flat/Gap-Up Opening
🟢 Buy CE above 17480
✔️ Target Should be 17550, 17650
🔴 Buy PE below 17350
✔️ Target Should be 17270, 17175

For Gap-Down Opening between 17350-17270
🟢 Buy CE above 17430
✔️ Target Should be 17550, 17650
🔴 Buy PE near 17400
✔️ Target Should be 17270, 17175, 17030


Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 50 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.


Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.