Nifty Analysis | 21Sep 2020

Nifty looks pretty weak for tomorrow with breaking of critical supports.
Scenario 1
If Nifty gaps down, wait for pull back to short (levels given on chart, will update real time as well)
Scenario 2
If Nifty opens flat, above conditions holds true
Scenario 3
If Nifty Gap ups, we need to look for long opportunities from the support lines given in chart. Happy Trading

Comment:

Sold at the resistance level mentioned on opening, bought back at 11480. Waiting to sell again. but be cautious about trend reversal signs

Comment:

potential reversal taking place, watch out

Comment:

keep scalping as long as 14 ema is not taken out on upside

Comment:

Our Short bias is intact

Comment:

Shorted at at 11522 as described in chart, looking to book at 11475/11450 with 11500 as SL

Comment:

Booked 50% after at first target 11470
Booked 70% at 11460

Trade closed: target reached:

all short positions covered 11440. retiring for the day

Comment:

Short taken again at 11400-11430 level & closed at 11255. Hope everyone had a great day