Nifty Analysis And Trade Idea 28-10-21

Hello traders,
This analysis is of nifty posted on the community tab of the channel link below the box. The support and resistance marked on the chart worked perfectly. If you analyze the price action around then would be able to take the right entry and exit with the help of the analysis given in advance. That is given below.

Trade Idea of Nifty on 28-10-21

1. If the price opens near halt 2 then it is expected to take resistance then it will be range-bound between halt 2 and halt 3.

2. On the contrary, if the price opens below halt 3 and takes resistance then halt 4 will be your target .

3. It is quite likely that the price would move to the downside tomorrow.

You can checkpoint no.2 clearly stated the price target halt no.4 achieved by price.

Yogesh Vats