Nifty Trade Setup for 13 OCT 2021
Expecting a gap up opening in case of Nifty.
The first resistance to watch is the Previous session high. If that is taken out on upside then we can expect Nifty to make fresh high.
Any resistance from Bearish Reversal zone we can expect CPR to be tested out.
Bullish Reversal zone of 17952 is a strong support.
Nifty Trade Plan for 05 OCT 2021
Nifty likely to open gap down.
The immediate support for Nifty is around 17543, if that is compromised there is a very good support around 17506 levels.
Any support around these we can expect Nifty to again bounce back. In case if this support is compromised we can expect Nifty to again test 17440 and lower levels.
In case if...
Today the Indian markets showed very good bullish momentum but it faded towards the end of the session due to mixed global cues and the market formed a symmetric triangle by the end of the session . If the market opens gap up tomorrow then nifty has to face a very crucial resistance at 17772 . If nifty manages to cross this level then we can see good bullish...