Nifty: Are you surprised with gap down. TA warned in advance...

10 ต.ค. 2022

Nifty
- we had already marked the red zone as resistance zone

Today we see a big gap down exactly after Nifty got rejected around 17320 odd levels.
Are you surprised or were you prepared?


Going forward

- we are looking at 15 minute candlestick chart pattern

- we observe that the zone of 17026-17060 is very crucial for Nifty

- between September 28, 2022 and October 3, 2022, the zone acted as a strong resistance 3 times

- it was conquered with a big gap up thereafter

- Now it is revisiting the area.... Is it just a retest or will Nifty fall further....?

We are not worried what it will do.
Our Short Strangle strategy suggested here at tradingview on September 28 which gave Net receivables of 181 points on that day is currently valued at 65, giving us a profit of 115 points per strategy lot so far and we are in control of the situation. 🙂


Take care & Happy trading...!!!