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Nifty Trade Plan for 01 FEB 2022Nifty Trade Plan for 01 FEB 2022 Expect Nifty to have a gap up opening around 17500 levels which is a good resistance. In case if that sustains we can anticipate 17600 resistance zone as plotted. After such a gap up opening, going long need to extra cautious, Any resistance formed around these with confirmation from momentum trigger we can possible short with Current day high as SL & expect to again test 17300 levels again. Post afternoon again we might again see a up move. I would prefer to trade with small position size today as movements can be very volatile.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Trade Plan for 31 JAN 2022Nifty Trade Plan for 31 JAN 2022 Expect Nifty to open gap up around the upper CPR Band. Expect market to be volatile ahead of the budget hence need to trade with more caution and reduced position sizing. For safe trade i would wait for first 15 min to watch out if R1 Resistance is taken to confirm bullishness and initiate a long on break out of 15 min high to Target 1 / Target 2. Any resistance confirmation around R1 or Target 2, we can possibly look for Shorting opportunity with target of CPR / Previous day closing.
NSE:NIFTY
by RaviChandran_Rajkumar