Nifty Trade Setup for 19 APR 2022
Expected Opening:
Nifty expected to open with a small gap up opening between R1 resistance and Bearish Reversal zone.
In case R1 resistance holds good we can again expect Nifty to test CPR levels. Any support getting confirmed at CPR we will have a good opportunity to take long position with R1 & above targets.
In case if CPR is compromised then we can expect Bullish Reversal zone & Bearish Breakout zone as the next supports to watch out. In case Bearish Break out getting compromised we can expect more selling pressure.
Nifty has taken good monthly cpr support and likely to recover back.
Expected Opening:
Nifty expected to open with a small gap up opening between R1 resistance and Bearish Reversal zone.
In case R1 resistance holds good we can again expect Nifty to test CPR levels. Any support getting confirmed at CPR we will have a good opportunity to take long position with R1 & above targets.
In case if CPR is compromised then we can expect Bullish Reversal zone & Bearish Breakout zone as the next supports to watch out. In case Bearish Break out getting compromised we can expect more selling pressure.
Nifty has taken good monthly cpr support and likely to recover back.