Nifty Trade Setup for 07 OCT 2021
Nifty likely to have a gap up opening.
Nifty formed a descending wider CPR and expected opening will be around the CPR levels.
We have bearish reversal zone inside the CPR around 17720, if this resistance holds good nifty sustains below 17720 we can expect nifty test yesterday low and if that is compromised we can expect even...
Nifty opened with a minor gap-up and mad high in the morning around 17884, around 12:30 PM we saw a sharp sell-off and we took 17950 PE at 12:33 PM.
Trades we took Today:
> Bought Nifty 17750 CE at 130 which we booked at the cost
> Bought Nifty 17700 CE at 128, It made a high around 188 and Traders booked great profit in this Trade
> Bought Nifty 17950 PE at...
*Expecting normal expiry Tomorrow, The range is Between 17770 - 17600.
* Nifty will Take 17600 as Support
* By joining Lower lows we can draw a trendline we can consider this trendline as Support & Expect an up move if the market touches the trendline.
*If Nifty break support 17600 then Immediate Support is 17530 & if Resistance 17770 will Break then...
Hello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone at 38200-300
2. Strongest Resistance at 38000.
3. Good Resistance at 38500.
4. Good Resistance at 38200.
Support Level :
1. 37500 is Good Support Level .
2. 37000 is Strong Support Level .
3. 37350 - 500 is Good Support Zone
No Trade Zone: 37700-800
This is not Buy and Sell...
Nifty opened with a minor Gap-up near our Buy level and we saw a selling towards 17530 zones, we bought Nifty 17400 CE at 130 which went to above 180 and Traders booked great profit. After the morning move, Nifty was trading in 70-80 points range throughout the day which was expected as tomorrow is expiry and we saw good moves on the last two days.
For tomorrow,...
Hello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone at 37100-200
2. Strongest Resistance at 37000.
3. Good Resistance at 37200.
4. Strong Resistance at 37500.
Support Level :
1. 36200 is Good Support Level .
2. 36000 is the Strong Support Level .
3. 36500 is Strong Support Level .
4. 36600-800 is Good Support Zone
Sideways...
Nifty opened with a gap-up above 17400 due to global cues and Nifty gave a trending up-move today. It has given the breakout from 200 points range and 17600 is the next target technically.
If we get a dip in the morning, look for the Buying opportunity.
Expectations for Tomorrow: Range-bound day, Volatility after 1:30 PM.
Intraday Levels:
Buy Above - 17540
Sell...
Hello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone at 37200-300
2. Strongest Resistance at 37000.
3. Good Resistance at 37200.
4. Strong Resistance at 37500.
Support Level :
1. 36200 is Good Support Level .
2. 36000 & 36500 is the Strong Support Level .
3. 36600-700 Good Support Zone
Sideways market:
37000-37300 .. if market...
Nifty opened with a gap-up near our Buying level and went towards 17225, we bought 17250 PE at the top around 105 which went to around 185 and Traders booked great profit in this Trade. We also bought 17200 PE but it didn't work and booked 15 points loss. Overall, it was a good day where we recovered morning loss and closed day in profit.
Expectations for...
Hello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone at 36100-200
2. Strongest Resistance at 36000.
3. Good Resistance at 35800.
4. Increasing Resistance above 36000.
5. Strong Resistance Zone 35700-900
Support Level :
1. 34800 is a Small Support Level .
2. 35200-300 Good Support Zone
3. 35500 is Stronger Support Level .
4. 35000...
Would like to go short at current levels in Nifty, PE looks more rewarding.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty opened with a gap-up and as per our analysis, we saw a sharp selling from upper levels. Future Sellers and PE Buyers made a great profit in the morning. We also took a long position in Nifty Future around 16200 which went to 16280 around close.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above - 16300
Sell Below - 16240
To motivate...
Hello Traders,
Following are my analysis:
Resistance Level :
1. Strong Resistance Zone at 36200-400
2. Strong Resistance at 36500
3. Good Resistance at 35800
4. Increasing resistance above 36500
Support Level :
1. 35600-700 is Good Support Zone .
2. 35700 is a small Support Level .
3. 35500 is Stronger Support Level .
No Trade Zone :
35700-800
This is not Buy...
