Nifty Prediction for 08 July 2021
Being Expiry i am expecting a possible range bound day. May be we can see some movement on lower side during the second half.
FLAT OPENING - If market opens flat and takes support at yesterday close, then we can take a CE around the yesterday close with target as Bearish Reversal zone of 15911 and if that is taken out we can expect possibly 15942
Any rejection around Bullish breakout zone of 15940 levels around 12 pm we can take a possible PE and expect possible target of yesterday close and lower.
After opening flat, if 15845 is taken out then the the market would be choppy and may be if it comes again above CPR we can find some good trade on CE
GAP UP OPENING - At this point of time even if gap up , i am expecting it around 15900 levels , then need to wait for dip for yesterday close and possibly take a CE and sit for above targets.
Being Expiry i am expecting a possible range bound day. May be we can see some movement on lower side during the second half.
FLAT OPENING - If market opens flat and takes support at yesterday close, then we can take a CE around the yesterday close with target as Bearish Reversal zone of 15911 and if that is taken out we can expect possibly 15942
Any rejection around Bullish breakout zone of 15940 levels around 12 pm we can take a possible PE and expect possible target of yesterday close and lower.
After opening flat, if 15845 is taken out then the the market would be choppy and may be if it comes again above CPR we can find some good trade on CE
GAP UP OPENING - At this point of time even if gap up , i am expecting it around 15900 levels , then need to wait for dip for yesterday close and possibly take a CE and sit for above targets.