6th May 2025 Nifty 50 Prediction #Nifty50 #option trading
🚀 If you like my trading plan and levels, don't forget to boost the post
99% working trading plan (Opning Possibility Flat )
👉Gap up open 24518 above & 15m hold after positive trade target 24628, 24880+
👉Gap up open 24518 below 15 m not break upside after nigetive trade target 24360,
👉Gap down open 24360 above 15m hold after positive trade target 24518, 24880
👉Gap down open 24360 below 15 m not break upside after nigetive trade target 24238,
👉 Gap down open Trade NIFTY NIFTY 08 MAY 24400 CALL 82 @
👉 Gap up open Trade NIFTY 08 MAY 24500 PUT 78@
💫big gapdown open 24238 above 1st positive trade view
💫big Gapup opening 24628 below 1st nigetive trade view
📌 Trade plan for education purpose I'm not responsible your trade
More education follow social media and boost my idea
📌 koi bhi trade leval se 20 point ke sl ke bhina karan nahi hi
📌 koi trade app activate tabhi karana hota hi level pe 2 candle uper ya niche closing aati hai to
📌 leval par Ane pe turant trade plan na kare ...
📌 Full risk apaki hi hi meri na
Niftyprediction
Management and Psychology Trading psychology is the emotional component of an investor's decision-making process, which may help explain why some decisions appear more rational than others. Trading psychology is characterized primarily by the influence of both greed and fear. Greed drives decisions that might be too risky.
Nifty Bias Simple
Bias: 24235
Expecting nifty to reach 24235 on Monday.... Will only be looking for shorts before that
Bearish Trade: Will wait for nifty to sweep 24413 then look for 24235...
Bullish Trade: Will wait for nifty to sweep 24207 then look for 24413....
Penguin speaks the draw..
Been awhile, trying to be more consistent
5th may Nifty50 Predictions & trade zone#Nifty50 #option trading
🚀 If you like my trading plan and levels, don't forget to boost the post
99% working trading plan (Opning Possibility Gapup 110point +)
👉Gap up open 24412 above & 15m hold after positive trade target 24512, 24680+
👉Gap up open 24412 below 15 m not break upside after nigetive trade target 24220, 24120
👉Gap down open 24212 above 15m hold after positive trade target 24412 , 24512
👉Gap down open 24212 below 15 m not break upside after nigetive trade target 24120, 23790,
👉 Trade NIFTY 08 May 24550 PE @216 to 390+
💫big gapdown open 24212 above 1st positive trade view
💫big Gapup opening 24512 below 1st nigetive trade view
📌 Trade plan for education purpose I'm not responsible your trade
More education follow social media and boost my idea
📌 koi bhi trade leval se 20 point ke sl ke bhina karan nahi hi
📌 koi trade app activate tabhi karana hota hi level pe 2 candle uper ya niche closing aati hai to
📌 leval par Ane pe turant trade plan na kare ...
📌 Full risk apaki hi hi meri na
Nifty tgt 30000 market on fire modeNifty is currently trading at 24,445. It is expected to first approach the 24,800 level. A minor correction may occur at that point. However, if Nifty subsequently breaks above the 26,000 level, there is a strong likelihood that it could advance toward the 30,000 mark.
Nifty - Elliot Wave Analysis - Short Opportunity!We have had a good run-up from April lows. Today's buying seems like the last leg up which should end 5th up.
Now there are two possibilities:
1. Bullish Scenario: Nifty has completed correction in April first week and we have done Wave 1 in an impulse of 5 waves up. In this case we should retrace 38-50% of the move from April lows. So, expect 500-1000 points in Wave 2.
2. Bearish Scenario: The entire move up from April lows was corrective and part of larger X. X is formed by ABC where C is 5 waves up - i.e. the move from April first week lows.
If this is the case, then we head to new low in Y. 21500 or lower.
In both cases this is the time to initiate shorts and ride at least 500 points the move down. All the best!
NIFTY : Trading Levels and Plan for 02-May-2025📊 NIFTY 15-Min Trading Plan for 2-May-2025
(Chart-Based | Gap Opening = 100+ Points)
📍 Previous Close: 24,243.45
📌 Key Chart Zones & Levels:
🔴 Last Intraday Resistance: 24,546
🟥 Opening Resistance Zone: 24,430 – 24,374
🟩 Opening Support/Resistance Zone: 24,209 – 24,190
🟢 Buyer's Support Zone: 24,028 – 23,975
🔻 Extreme Downside Support: 23,774
🟥 Scenario 1: Gap-Up Opening (Above 24,430) 🚀
If Nifty opens above 24,430 , we are opening directly into the resistance supply zone . Avoid blind longs here as sellers may initially step in.
A sustainable bullish structure above 24,430 with follow-through candles and volume is a must for any breakout trade toward 24,546 (Last Intraday Resistance).
If price rejects the zone and slips back under 24,374, expect a pullback toward 24,330–24,243 zone.
For upside targets beyond 24,546, strong momentum must be visible. Only then can traders look for 24,767 as an extension level.
If the gap-up fades quickly and dips below 24,374, this is a warning for potential "gap fade" sell-off.
📚 Educational Insight: Gaps into resistance need extra caution. Early buyers often get trapped. Let the structure form before committing to trades.
🟨 Scenario 2: Flat Opening (Between 24,209 – 24,430) ⚖️
A flat open puts Nifty inside the consolidation or decision zone . Expect both buyers and sellers to remain active here.
Avoid early trades in the first 15–30 minutes. Let price test the upper resistance (24,430) or lower support (24,209).
If Nifty breaks and sustains above 24,430, trend may attempt to reach 24,546 and possibly 24,767.
If Nifty dips below 24,209, a quick move toward 24,028 – 23,975 zone is possible. Look for bullish reversal candles here before buying.
Range-bound price action likely unless breakout or breakdown triggers with strength. Stay reactive, not predictive.
📚 Educational Insight: Neutral opens often give the best trade setups—but only after price reacts to zone boundaries. Wait for confirmation.
🟩 Scenario 3: Gap-Down Opening (Below 24,209) 📉
A gap-down below 24,209 brings immediate attention to 24,028 – 23,975, a critical Buyer's Support Zone .
If price shows reversal patterns (bullish engulfing, hammer) near this zone with good volume, long entries with stops below 23,975 are favorable.
Failing to hold 23,975 will open gates to a deeper fall toward 23,774, the next visual support.
Avoid aggressive long trades just because prices are lower—structure matters more than location.
Breakdown below 23,975 with strong bearish candles can trigger fresh short trades targeting 23,774 or even lower zones.
📚 Educational Insight: Gaps into demand zones offer great risk-reward, but only if supported by price confirmation. Avoid catching falling knives without structure.
🛡️ Options Risk Management Tips for Intraday Traders 🧠
Never trade naked options blindly in high IV zones. Use spreads (like bull call or bear put) for defined risk setups.
Don’t jump into trades in the first 5–10 minutes—option premiums are inflated. Let them settle.
Always trade with a defined stop loss . Avoid averaging losses.
Keep daily loss limits (e.g., 2% of capital) and walk away once hit. Discipline is key.
Avoid overleveraging OTM options; go ITM for directional conviction or use hedge legs.
Know when NOT to trade—sideways and indecisive markets destroy premium buyers.
Don’t convert intraday trades into swings emotionally. Stick to your plan.
📌 Summary & Conclusion 📝
✅ Gap-Up Opening: Watch 24,430–24,546 zone for reversal or breakout confirmation. Avoid aggressive longs without strength.
✅ Flat Opening: Neutral zone. Best setups may form after breakout/breakdown. Wait for edge-based reactions.
✅ Gap-Down Opening: Focus on 24,028–23,975 demand zone for reversal. Fresh shorts only below 23,975.
🎯 Trade with structure, confirmation, and risk control . Let price come to your plan—don’t chase emotions.
⚠️ Disclaimer:
I am not a SEBI-registered analyst. This analysis is intended solely for educational purposes. Please consult a certified financial advisor before making any trading or investment decisions.
2nd May nifty50 Trading Zone #Nifty50 #option trading
🚀 If you like my trading plan and levels, don't forget to boost the post
99% working trading plan
👉Gap up open 24290 above & 15m hold after positive trade target 24340, 24470+
👉Gap up open 24290 below 15 m not break upside after nigetive trade target 24160, 23990
👉Gap down open 24150 above 15m hold after positive trade target 24340, 24470+
👉Gap down open 24150 below 15 m not break upside after nigetive trade target 23990, 23730,
💫big gapdown open 23987 above 1st positive trade view
💫big Gapup opening 24348 below 1st nigetive trade view
📌 Trade plan for education purpose I'm not responsible your trade
More education follow social media and boost my idea
📌 koi bhi trade leval se 20 point ke sl ke bhina karan nahi hi
📌 koi trade app activate tabhi karana hota hi level pe 2 candle uper ya niche closing aati hai to
📌 leval par Ane pe turant trade plan na kare ...
📌 Full risk apaki hi hi meri nah
NIFTY : Trading levels and Plan for 30-Apr-2025📈 NIFTY 15-Min Trading Plan for 30-Apr-2025 📈
(Chart-Based | Gap Opening Defined as 100+ Points)
📍 Previous Close: 24,325.45
📌 Key Zones & Levels on Chart:
🔴 Last Intraday Resistance: 24,506
🟧 Opening Resistance: 24,433
🔵 CMP Reference Zone: 24,342.32
🟩 Important Support: 24,206
🔽 Last Support for Intraday: 24,106
🟢 Buyer's Support Zone: 23,950 – 24,050
🟥 Scenario 1: Gap-Up Opening (Above 24,433)
If Nifty opens above 24,433 , it indicates bullish sentiment and price will open near or above the Opening Resistance level.
Watch for price consolidation or bullish structure above 24,433 —this signals strong buyer conviction.
Sustained price action above 24,433 may push Nifty toward 24,506, which is the Last Intraday Resistance .
If momentum continues with volume, the upside extension is possible towards 24,767, the next visible resistance.
On the flip side, a rejection from 24,506** or false breakout above 24,433 may invite selling pressure back into 24,342–24,300 range. Avoid aggressive longs if price gets trapped above resistance zones.
📚 Educational Note: In a gap-up scenario, avoid buying immediately at open. Wait for retracement or consolidation for a better risk/reward entry.
🟨 Scenario 2: Flat Opening (Between 24,206 – 24,433)
A flat opening between 24,206–24,433 places Nifty within a neutral or decision zone.
It’s wise to avoid trades in the first 15–30 minutes and let a clear trend develop.
If price breaks above 24,433 with bullish candles and volume, it confirms strength, and can be bought into, targeting 24,506 – 24,767.
However, a breakdown below 24,206 will push Nifty toward 24,106, where the Last Support for Intraday is located.
Price reactions near these edges offer directional trades, but center-zone trades can lead to whipsaws.
📚 Educational Note: Neutral zone opens often lead to rangebound setups—it's better to wait for range breakouts or rejections at extremes.
🟩 Scenario 3: Gap-Down Opening (Below 24,206)
A gap-down below 24,206 suggests bearish momentum. Watch for early reactions at 24,106, the Last Support for Intraday .
If this level fails to hold, expect prices to test the Buyer’s Support Zone between 23,950–24,050 .
A reversal trade can be taken from this demand zone only if bullish candles (e.g., hammer or bullish engulfing) appear , along with rising volume.
However, if selling continues below 23,950, it could lead to further downside panic and breakdown structure.
Avoid knife-catching unless a solid reversal structure forms. Shorts can be re-entered on pullbacks to 24,106 after breakdown.
📚 Educational Note: Bearish gap-downs can give strong follow-through moves but can also trap sellers if reversal zones hold firm. Wait for confirmation.
🛡️ Options Risk Management Tips for Intraday Traders 🧠
Always trade with a defined stop-loss —preferably based on candle structure or volatility-based levels.
Don’t overtrade. 2–3 quality trades per day are better than chasing every move.
In high IV environments, prefer spreads (Bull Call / Bear Put) over naked options to reduce premium decay.
Use deep OTM options only for directional plays when momentum is strong and in your favor.
Avoid entering options trades in the first 5–10 minutes of the day—premiums are inflated due to uncertainty.
Always have a capital allocation strategy ; avoid putting more than 2% of capital in any single high-risk intraday options trade.
Don’t emotionally convert intraday trades into swing positions. Have a plan before the market opens.
📌 Summary & Conclusion 🎯
✅ Gap-Up Opening: Focus on 24,433 breakout. Above 24,506, trend may extend. But watch for false breakouts.
✅ Flat Opening: Avoid trading inside 24,206–24,433. Wait for breakout from the range.
✅ Gap-Down Opening: Focus on 24,106 support. Breakdown may bring 23,950–24,050 zone in play. Avoid longs without confirmation.
🧘♂️ Trade with patience and let the market give you setups—don’t rush into trades based on emotions. Structure, confirmation, and discipline are key.
⚠️ Disclaimer:
I am not a SEBI-registered analyst. This analysis is shared purely for educational purposes. Please consult a certified financial advisor before making any trading decisions.
30 April Nifty Trade Zone#Nifty50 #option trading
99% working trading plan
👉Gap up open 24470 above & 15m hold after positive trade target 24570,
👉Gap up open 24470 below 15 m not break upside after nigetive trade target 24270 , 24160
👉Gap down open 24270 above 15m hold after positive trade target 24470 , 24570
👉Gap down open 24270 below 15 m not break upside after nigetive trade target 24160, 23873,
💫big gapdown open 24160 above 1st positive trade view
💫big Gapup opening 24570 below 1st nigetive trade view
📌 Trade plan for education purpose I'm not responsible your trade
More education follow social media and boost my idea
📌 koi bhi trade leval se 20 point ke sl ke bhina karan nahi hi
📌 koi trade app activate tabhi karana hota hi level pe 2 candle uper ya niche closing aati hai to
📌 leval par Ane pe turant trade plan na kare ...
📌 Full risk apaki hi hi meri nah
29 April Nifty50 trading Zone#Nifty50 #option trading
99% working trading plan
👉Gap up open 24388 above & 15m hold after positive trade target 24563,
👉Gap up open 24388 below 15 m not break upside after nigetive trade target 24217, 24033
👉Gap down open 24217 above 15m hold after positive trade target 24388 , 24563
👉Gap down open 24217 below 15 m not break upside after nigetive trade target 24033, 23738,
💫big gapdown open 24033 above 1st positive trade view
💫big Gapup opening 24563 below 1st nigetive trade view
📌 Trade plan for education purpose I'm not responsible your trade
More education follow social media and boost my idea
📌 koi bhi trade leval se 20 point ke sl ke bhina karan nahi hi
📌 koi trade app activate tabhi karana hota hi level pe 2 candle uper ya niche closing aati hai to
📌 leval par Ane pe turant trade plan na kare ...
📌 Full risk apaki hi hi meri nah
NIFTY : Trading levels and plan for 29-Apr-2025📈 NIFTY 15-Min Plan for 29-Apr-2025 📈
(Chart-Based Educational View | Gap Opening >100 Points Considered)
➖➖➖➖➖➖➖➖
🔵 Previous Close: 24,312.90
⚡ Key Reference Levels:
🔴 Opening Resistance: 24,417 – 24,433
🟧 Opening Support/Resistance: 24,254
🟩 Last Intraday Support: 24,071 – 24,106
🟢 Major Resistance Above: 24,556
➖➖➖➖➖➖➖➖
🟥 Scenario 1: Gap-Up Opening (Above 24,400)
If Nifty opens above 24,400, especially near the 24,417–24,433 resistance zone, watch closely for price action.
If there’s rejection or bearish candles near this zone within the first 15–30 minutes, it could signal a good opportunity for short trades towards 24,307 and 24,254.
However, if Nifty sustains above 24,433 with strong bullish momentum and volume, a quick move towards 24,556 can occur.
In case of breakout buying, place a strict stop-loss just below 24,400 to protect from false breakouts.
📚 Educational Note: In gap-up scenarios near a resistance zone, the first bounce often traps aggressive buyers. Wait for confirmation (retest or strong breakout candle) before entry!
➖➖➖➖➖➖➖➖
🟨 Scenario 2: Flat Opening (Between 24,200–24,400)
If Nifty opens between 24,254–24,312, the market is likely to retest either side.
Key focus: 24,254 opening support level.
A bounce from 24,254 area can be bought for targets of 24,417–24,433 with stop-loss slightly below 24,240.
Breakdown and sustained trade below 24,254 can lead to a dip toward 24,106–24,071 zone. Short opportunities will arise if opening support fails clearly.
📚 Educational Note: In flat openings, traders must avoid rushing in. Let the market show clear strength or weakness around the immediate support/resistance levels.
➖➖➖➖➖➖➖➖
🟩 Scenario 3: Gap-Down Opening (Below 24,200)
If Nifty opens below 24,200, particularly around 24,100–24,070 zone, it would directly test the Last Intraday Support .
If there are bullish reversal signals (strong green candles or bullish divergence) around 24,071–24,106, a risky but rewarding buy opportunity can be considered.
However, failure to sustain above 24,071 will create strong bearish momentum aiming towards lower targets (like 23,950–23,900).
In gap-downs, extra caution must be applied. Avoid aggressive longs unless a strong reversal setup forms.
📚 Educational Note: Gap-downs often invite emotional trades. Avoid knife-catching unless the setup is clear and risk-reward is favorable.
➖➖➖➖➖➖➖➖
📌 Risk Management Tips for Options Trading 🛡️
Always define your stop-loss before entering a trade. Options premiums can decay rapidly!
Avoid trading within the first 5 minutes of opening volatility. Let the direction stabilize.
Prefer using spreads (like Bull Call Spread or Bear Put Spread) to reduce the impact of time decay and volatility crush.
Risk only 1–2% of your trading capital per trade. Survival is key over daily wins.
Exit if the trade doesn't behave as per your plan in the first 15-30 minutes after trigger.
➖➖➖➖➖➖➖➖
📜 Summary and Conclusion:
✅ Gap-Up Opening: Watch 24,417–24,433 zone carefully. Sell on rejection or buy breakout confirmation.
✅ Flat Opening: Key level is 24,254 – play the bounce or breakdown.
✅ Gap-Down Opening: 24,071–24,106 crucial for reversal or further fall.
🧠 Be patient, act only after clear confirmation, and strictly manage risk.
➖➖➖➖➖➖➖➖
⚠️ Disclaimer:
I am not a SEBI-registered analyst. This trading plan is shared purely for educational purposes. Please consult your financial advisor before taking any trading decision.
Nifty this week analysisNifty still ranges between the major resistance zones. It has been trying to breach the zone for three days but has failed. This current attempt is closed with a strong bullish candle, which means next session it is quite possible we can have a breakout and prices to reach the Possible Reversal Zone.
On breakout of this zone between 24140 to 24353-55, the possible reversal zone is 24678 to 24365. If the price rejects this resistance, then we will witness a new rally in Nifty prices.
NIFTY ON THE EDGE - BEARISH PRESSURE MOUNTING NEAR 24250Symbol - NIFTY50
CMP - 24245
The Nifty50 index has encountered significant sell-off near the 26300 level, its all-time high from September 2024. Following this peak, the index experienced a notable correction, currently trading approximately 10% below its previous high. This decline has been attributed to factors such as disappointing corporate earnings, elevated valuations, and geopolitical uncertainties. Despite these challenges, the index has shown resilience, supported by strong performances in domestic sectors like financials, consumer staples, and healthcare.
If bearish pressures persist and buyers fails to maintain above 24300-24400 levels, a further decline towards the 23000-22900 levels could occur. Conversely, sustained move above 24550 could pave the way for a potential rally, contingent on improved earnings and favorable macroeconomic conditions.
Key Resistance Levels: 24320, 24400
Key Support Levels: 24000, 23780, 23350
In summary, the Nifty50's near-term trajectory hinges on its ability to navigate key support and resistance levels, with broader market sentiment and sectoral performances playing pivotal roles in shaping its path forward. In my personal view, I am expecting a down move, and the index is likely to remain under bearish pressure in the coming sessions, especially if it fails to hold above 24300-24400 levels.
NIFTY : Trading Levels and Plan for 28-Apr-2025📊 Nifty 50 Trading Plan for 28-Apr-2025 (15-min TF Analysis)
Previous Close: 23,991.05
Key Zones:
🔴 Major Resistance Zone: 24,255 – 24,317
🟥 Critical Reversal Level: 24,433 (Daily and Weekly Importance)
🟧 Opening Resistance: 24,106
🟨 Opening Support: 23,912
🟩 Last Intraday Support Zone: 23,810 – 23,764
🟦 Important Support (Seller’s Booking Zone): 23,621 – 23,671
🟥 Scenario 1: Gap-Up Opening (Above 24,100)
If Nifty opens more than 100 points higher , around or above 24,100 , we will be near the Opening Resistance (24,106) or trying to push towards the Last Intraday Resistance Zone (24,255–24,317) .
If Nifty struggles near 24,106 and forms rejection candles (wicks, bearish engulfing), a low-risk short opportunity could arise aiming back towards 23,991–23,950 zones.
On the flip side, if price sustains and shows strength above 24,255 , a breakout trade can be initiated with an eye on the 24,433 critical resistance zone.
Strong bullish candles with volume confirmation are essential to attempt longs beyond 24,255 .
Be cautious around 24,433 as it is a major trend reversal zone on higher timeframes. Partial profit booking recommended.
🧠 Educational Tip: Gap-ups into major resistances often lead to profit booking unless there is a strong continuation pattern. Avoid buying blindly on opening candles without confirmation.
🟨 Scenario 2: Flat Opening (Between 23,900 – 24,100)
If Nifty opens flat or with a minor gap (within 100 points), we will remain between Opening Support (23,912) and Opening Resistance (24,106) .
If Nifty trades above 23,991 and crosses 24,046 with strength, a buy setup can be considered targeting 24,106 and potentially 24,255 .
If it fails to hold 23,991 and starts slipping below 23,950 , expect a quick dip towards the Opening Support (23,912) .
A confirmed breakdown below 23,912 could push the index lower toward the Last Intraday Support Zone (23,810–23,764) .
In a flat opening, trade based on clear breakout or breakdown of initial 15–30 minute range. No pre-commitment bias!
🧠 Educational Tip: Flat openings often lead to range-bound movements initially. Avoid over-trading inside choppy zones. Wait for clear directional cues.
🟩 Scenario 3: Gap-Down Opening (Below 23,900)
If Nifty opens below 23,900 , the focus immediately shifts to the Opening Support (23,912) and the Last Support Zones (23,810–23,764) .
If Nifty stabilizes around 23,810–23,764 with bullish reversal patterns (hammer, bullish engulfing), aggressive long entries could be initiated targeting 23,950–24,000 .
However, if breakdown continues below 23,764 , expect an extended fall toward the major support Seller's Profit Booking Zone (23,621–23,671) .
Look for strong price action near 23,621–23,671 as it may trigger a bigger reversal if buyers step in aggressively.
Avoid catching falling knives. Let price form a base before attempting counter-trend trades.
🧠 Educational Tip: In gap-downs, volatility spikes. Focus on fewer trades with better setups rather than forcing trades during emotional market reactions.
⚡ Risk Management Tips for Options Traders:
🔒 Always have a pre-defined stop loss . Never risk more than 1–2% of your trading capital on a single trade.
💸 In case of a flat or range-bound market, avoid holding naked option buys for too long as theta decay will eat premiums.
⚖️ Use option spreads (like bull call spreads or bear put spreads) to limit loss and protect against volatility crush.
📈 Stick to current week expiries for intraday trades but prefer next week expiry if volatility is extremely low.
⏳ Avoid trading in the first 5 minutes unless extremely clear breakout or breakdown is seen.
📌 Summary and Conclusion:
🟥 Gap-Up Opening: Watch 24,106 and 24,255 closely for breakout or rejection plays.
🟨 Flat Opening: Wait for clear breakout above 24,046 or breakdown below 23,912 .
🟩 Gap-Down Opening: Focus on price reaction around 23,810–23,764 and 23,621–23,671 .
Patience 🧘♂️, risk management 🛡️, and discipline 📚 are your best trading allies. Trade based on price action, not assumptions.
⚠️ Disclaimer: I am not a SEBI-registered analyst . All views shared are purely for educational purposes only . Please consult your financial advisor before taking any trading or investment decisions. 📚
Nifty Breaks Out of The Falling Downtrend Line!As discussed in the previous Weekly Analysis, Nifty has begun it's Pullback!
Time to prepare for Coming Weeks..
We face Resistance at 3 Zones
1. Small Resistance at 23350+-100
2. Large Resistance at 23800+-100
3. Mega Resistance at 24800+-100
These are the zones where some profit booking can be anticipated.
Accordingly 3 Scenarios are in the Play.
Understand that Trading is a Game of Probability.
It's advisable to be prepared for any of the 3 Scenarios A B C.
Although Technically Scenario B seems to the most likely one to Play Out.
Share your Thoughts and Views in the Comments section to make this Publication a more Fruitful one.
Nifty Finds a Minor Resistance at 23800, What Next?Scenario B From Last Weekly Analysis played out as expected and continues to be in the Play.
The Pullback from 23800 Zone has been shallow as week closed above the Minor Resistance turned Support at 23350 Zone, despite a Long Weekend.
This Indicates Bulls have some Conviction of taking Nifty higher from Minor Support at 23350 Zone.
However a Weekly Candle Suggests Indecision.
So Let's be prepared for 3 Scenarios like last Week.
Scenario A - Minor Support at 23350 (200DEMA) holds and Nifty Blasts off to Mega Resistance
Scenario B - Minor Support breaks and Nifty Goes for a Healthier correction towards 0.5 0.6 Fib retracement (23000) and takes support here.
Scenario C - Weakness in Price action with Nifty testing 22500 0.78 Fib retracement and Trendline, This would indicate prolonged period of Consolidation before next Trending Move.
Technical Analysis suggests that Scenario A is more likely to play out.
But as market always knows how to Surprise us, be prepared for either of The Scenarios A B C.
Share your Thoughts and Views to make most of this Article.
28 april nifty trading zone#Nifty50 #option trading
99% working trading plan
👉Gap up open 24118 above & 15m hold after positive trade target 24230,
👉Gap up open 24118 below 15 m not break upside after nigetive trade target 23870, 23713, 23512
👉Gap down open 24112 above 15m hold after positive trade target 24118 , 24230
👉Gap down open 24112 below 15 m not break upside after nigetive trade target 23870, 23713, 23512
💫big gapdown open 23713 above 1st positive trade view
💫big Gapup opening 24230 below 1st nigetive trade view
📌 Trade plan for education purpose I'm not responsible your trade
More education follow social media and boost my idea
📌 koi bhi trade leval se 20 point ke sl ke bhina karan nahi hi
📌 koi trade app activate tabhi karana hota hi level pe 2 candle uper ya niche closing aati hai to
📌 leval par Ane pe turant trade plan na kare ...
📌 Full risk apaki hi hi meri nah