Nifty At Support , Target 18000+Nifty50 has filled the gap and touched the low of 17560, it is expected to have a strong upmove in 10-20 days. Target 18000+
Gapdownfill
#Nifty Trade Setup For Monday (7th June)So for tomorrow there is a simple Strategy.
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If Nifty cross 15680, we will buy 15700 CE for 40 points.
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If Nifty goes below 15620, then you should go for PE.
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If Nifty give gap down below 15620, then you should go for call option once it goes above 15620.
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If Nifty give Gapup Opening then buy on dip strategy will apply.
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Keep learning keep earning
KOTAK BANK ANALYSISExplanation on the chart.
The price seems to be rejecting lower levels very sharply and seems to be consolidating above the 200MA on the 1 hour chart. 1900 is also a psychological level that is acting as a good support over the last couple of sessions.
I would consider the current price to be a good entry point on the stock with a medium term perspective and the price could re-test 2,000 soon.
These are my personal views and I reserve the right to be wrong. Please trade with appropriate risk management.
