Nifty Trade Plan for 01 FEB 2022
Expect Nifty to have a gap up opening around 17500 levels which is a good
resistance.
In case if that sustains we can anticipate 17600 resistance zone as plotted.
After such a gap up opening, going long need to extra cautious, Any resistance formed around these with confirmation from momentum trigger we can possible short with Current day high as SL & expect to again test 17300 levels again.
Post afternoon again we might again see a up move.
I would prefer to trade with small position size today as movements can be very volatile.
Expect Nifty to have a gap up opening around 17500 levels which is a good
resistance.
In case if that sustains we can anticipate 17600 resistance zone as plotted.
After such a gap up opening, going long need to extra cautious, Any resistance formed around these with confirmation from momentum trigger we can possible short with Current day high as SL & expect to again test 17300 levels again.
Post afternoon again we might again see a up move.
I would prefer to trade with small position size today as movements can be very volatile.