RaviChandran_Rajkumar

Nifty Trade Plan for 04 OCT 2021

NSE:NIFTY   Nifty 50 Index
Nifty Trade Plan for 04 OCT 2021

Nifty traded in a very narrow range in the last session and managed to close above crucial support of 17500 levels.

Nifty likely to open flat today to small gap up.

17500 is a strong support for Nifty & any support confirmation on opening we can expect Nifty to again go for retest for Previous session high & if 17560 taken on upside we can expect Bullish Breakout & possible higher targets are marked on chart.

Asian markets on opening today showing some weakness. So expecting Nifty to be again range and if CPR gets compromised we can expect Nifty to again test Previous session low & possible Target 1 & Target 2 & extended target of 17300 levels.