Good Morning ! There are 3 possible scenario's in Nifty, but if we have to go by logic retest of 9580's sounds valid but we are unsure whether Nifty will give us what's expected.
The potential chance of Double Bottom around 9480's will be spoiler if market opens gap down & breaks the level, then based on aggressive entry's aim for 9400's-9380's zone as targets. The other scenario being, we are getting good open around same range as yesterday close & Nifty moving down forming double bottom retest 9530's zone then heading down. These are the various potential scenario's awaiting to emerge in Nifty, I hope Nifty won't do anything out of syllabus for the day, act accordingly depending on any of these scenario evolving during the session. Just one last point, if Nifty opens Gap down & we get good entry at double bottom to retest previous 9580's, then it will be too good, too much of expectations that will be. These are not single day scenario's, just for day or two.
Happy Trading !
The potential chance of Double Bottom around 9480's will be spoiler if market opens gap down & breaks the level, then based on aggressive entry's aim for 9400's-9380's zone as targets. The other scenario being, we are getting good open around same range as yesterday close & Nifty moving down forming double bottom retest 9530's zone then heading down. These are the various potential scenario's awaiting to emerge in Nifty, I hope Nifty won't do anything out of syllabus for the day, act accordingly depending on any of these scenario evolving during the session. Just one last point, if Nifty opens Gap down & we get good entry at double bottom to retest previous 9580's, then it will be too good, too much of expectations that will be. These are not single day scenario's, just for day or two.
Happy Trading !
