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...
Expect Nifty to open gap down.
Global weakness witnessed in the last trading session and expecting nifty to open gap down.
On opening we can expect possible support around 17650 levels, if that is compromised we can expect Bearish Breakout zone 17564 to the tested. If break out confirmed then we can expect Target 1 & Target 2 to be tested.
Even that is...
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 Nifty.
16900 is a good support and on opening if this supports holds good we can go long around CPR and if PDH is taken on upside we can expect 17K target today.
A close above bullish Breakout zone we can expect Target 1 & Target 2 .
Reversal trade around 17k should be taken after confirmed reversal signs today.
Long Opportunity :
If Nifty opens flat and CPR provides support and first resistance of 16530 taken out we can expect it test 16550 & then the previous V-CPR levels.
A close above V-CPR we can expect again to go long and sit for Target 1 & Target 2
Any good support at yesterday's low is good opportunity to go long.
Short Opportunity :
Any resitance at V-CPR we...
Expecting a gap down opening in Nifty tomorrow.
At the time of review, SGX is trading around 16360 where in we have a good support from V-CPR and can expect some long opportunity .
On the upside we have resistance around 16477.
If 16477 is taken on upside then we can expect the gap to be filled.
Nifty expected to open flat to small gap down.
Expecting a volatile expiry day.
CPR looks to be a strong support and expecting nifty to find support and we can expect to it test 16651 & may be even 16700.
In case of CPR compromised we can expect 16500 levels to be tested.
Levels will be same as given earlier.
Go Long only above 15880
Target -1 15940
Target- 2 16000
Go Short only below 15739.40
1) If Open with gap up above 15880 then go long but wait for initial 15-20 minutes. Book profit with 50-55 points only. Then wait for a clear sign for for uptrend.