ITS RAINING PROFITS TODAY!! 🤑🤑
Earlier I posted a Nifty expiry long trade and all the levels worked like wonders today. Nifty opened directly at our entry level and I updated on the post saying that we can enter the long trade as soon as the markets open . We captured about 80% of the move in the market today and hit our targets as soon as nifty hit the all time...
Nifty recovered well after testing the previous demand zone and managed to close above the next day CPR levels.
In case nifty opens flat and tests the CPR, the bullish Reversal zone of 17493 should act as a good support and can again test the previous day close and if that is taken out we can again expect to test 17631 & higher levels.
Any rejection around 17631...
Nifty expected to open flat.
Global parameters showing some selling pressure.
The first resistance to watch out is the previous day high , if that is compromised we can see possible Target 1 & Target 2 tested on the upside.
On opening if 17348 is getting compromised then we can expect Nifty to test 17300 levels and if that is also taken out we can expect 17250...
Expecting a flat opening in case of Nifty.
Nifty recovered well after testing that 11250 levels on closing and managed to close above next day CPR. Today's CPR should act as a good support on flat opening and 17390 & 17430 should act as a strong resistance on upside.
In case if 17430 taken on upside we can again see Nifty rallying on the upside.
In case if CPR...
Nifty expected to have gap up opening.
All global parameters looks pretty bullish.
In case of gap up opening above 15791, if a good support is confirmed around 15791 then we can expect Target 1 , Target 2 & Even Ex Target around 15900 levels.
Any good rejection confirmation around Target 2 we can look for possible shorting with a small SL or option selling.
