Expectation : Flat to Small Gap up Open - Bearish Reversal
Nifty likely to Open Flat or Small Gap up around 17400. There is a strong resistance zone at 17420 where we can short Nifty. If CPR is compromised, lower targets are possible.
Any breakout above 17440 we can expect Target 1 will be tested.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For quick scalping, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.