Nifty 50 Analysis Week 2 April 2022
Market closed at 17894.
We can see 1 Gap is pending (17990) & another Gap is below at (17389).
In between that i have marked Important Support at (17754) & if this has taken out then market will try to fill the Gap which is 17389 slowly & gradually.
Conditions:
Market 1: If we see 17990 was taken out with huge gap-up opening then need to wait for at least 15 min, Watch out Price Action & take position accordingly.
Bullish candle then Buy & If Bearish & 17990 taken out then Put Buy Simple.
Market 2: If market remains flat then we have 2 options if it breaks 17990 then we can go for Buy only if OI & Volume supports Price else we can take Put entry if 17818 was taken out with small qty & if 17754 was taken out then we can do Pyramiding Simple.
Market 3: If we see Major Support was taken out & sustain at least for 15 min candle then market will head towards 17555 & so on.
We can see 1 Gap is pending (17990) & another Gap is below at (17389).
In between that i have marked Important Support at (17754) & if this has taken out then market will try to fill the Gap which is 17389 slowly & gradually.
Conditions:
Market 1: If we see 17990 was taken out with huge gap-up opening then need to wait for at least 15 min, Watch out Price Action & take position accordingly.
Bullish candle then Buy & If Bearish & 17990 taken out then Put Buy Simple.
Market 2: If market remains flat then we have 2 options if it breaks 17990 then we can go for Buy only if OI & Volume supports Price else we can take Put entry if 17818 was taken out with small qty & if 17754 was taken out then we can do Pyramiding Simple.
Market 3: If we see Major Support was taken out & sustain at least for 15 min candle then market will head towards 17555 & so on.
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