Nifty Trade Setup for 05 JULY 2022

Nifty Trade Setup for 05 JULY 2022

Nifty expected to open flat to small gap down opening.

Nifty is bullishly aligned for the day and we have a strong support at Bullish Reversal Zone of 15783. Expecting the market to be trading in a previous session range if PDH is not taken on the upside.

Buy Opportunity :
We have Buyers seated around Bullish Reversal Zone & at S1 Supports today. In case of any support confirmation around these levels we can expect Nifty to rally to test sellers presence at Bearish Reversal & R1 Resistance.
Any Breakout of R1 & Bullish BO we can expect Higher targets as indicated by the indicator.

Sell Opportunity :
We have sellers presence around Bearish Reversal / R1 today and any rejection from these zones we can expect a pull back to PDH & then Bullish reversal.