Nifty Analysis ! Nifty Levels ! Nifty Outlook ! Nifty Prediction
Here is my Trade plan for tomorrow:
As if now SGX NIFTY shows GAP DOWN OPENING
Condition 1: Support would be 16460 & Pending GAP is @ 16440. Market is likely to refill this gap by tomorrow following with 16366 & 16204 (Pending Gaps).
Note: If by any chance we see huge gap down-opening then definitely Short covering will happen. Need to wait first 15 minute check Open Interest & Volume & take trade accordingly.
Still market is bearish so don't go long with big quantity.
As if now SGX NIFTY shows GAP DOWN OPENING
Condition 1: Support would be 16460 & Pending GAP is @ 16440. Market is likely to refill this gap by tomorrow following with 16366 & 16204 (Pending Gaps).
Note: If by any chance we see huge gap down-opening then definitely Short covering will happen. Need to wait first 15 minute check Open Interest & Volume & take trade accordingly.
Still market is bearish so don't go long with big quantity.