NIFTY
Important Levels for 27-10-2021.
Finally a string of red candles comes to an end and with heavy buying at lower levels I expect Nifty to give a good buying movement tomorrow.
If we open flat, any dips till 18290-18310 can be bought with SL of 18285 for targets of 18350,18380 and 18440.
In case of a gap up, wait for the price to consolidate and once we cross 18440, we can take longs for targets of 18520,18540 and 18580. SL of 25-30 points shall be taken and trailed aggressively.
In case of a big gap down, 18210-18240 can act as support but trades should be initiated only when we see price action.
Will not prefer to short tomorrow unless we witness a massive gap up.
Option chain looks super bullish.
Finally a string of red candles comes to an end and with heavy buying at lower levels I expect Nifty to give a good buying movement tomorrow.
If we open flat, any dips till 18290-18310 can be bought with SL of 18285 for targets of 18350,18380 and 18440.
In case of a gap up, wait for the price to consolidate and once we cross 18440, we can take longs for targets of 18520,18540 and 18580. SL of 25-30 points shall be taken and trailed aggressively.
In case of a big gap down, 18210-18240 can act as support but trades should be initiated only when we see price action.
Will not prefer to short tomorrow unless we witness a massive gap up.
Option chain looks super bullish.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.