Nifty Trade Plan for 04 JAN 2022

Nifty Trade Plan for 04 JAN 2022

After a good rally can expect some profit booking today.

Expecting a flat to small gap up opening.

Expected Range:
Downside - 17500
Upside - 17900

Very wide CPR, can expect to be in a range. Any pull back to Bullish Reversal zone(17550) is a buying opportunity in Nifty and expect above targets.

On opening if 17680 taken out and sustains, we can expect above targets with yesterday's closing price as SL.