NIFTY FRIDAY TRADING PLAN:
Firstly, it is very evident that 11900 is a resistance
and 11800 is a good support.
1. If price opens gap up above 11900 (which has less probability) and sustains this level, buy can be initiated
2. If opens gap down below 11800, a 50 points till 11750 move can be seen to fill the gap.
If 750 breaks more pain can be seen.
3. If opens between 11865-11900, its a no trading zone.
But if breaks 11865 a down move can be seen.
4. If opens flat (11830-11840), wait and watch for marked levels to get tested or rejected. Accordingly position can be made
Firstly, it is very evident that 11900 is a resistance
and 11800 is a good support.
1. If price opens gap up above 11900 (which has less probability) and sustains this level, buy can be initiated
2. If opens gap down below 11800, a 50 points till 11750 move can be seen to fill the gap.
If 750 breaks more pain can be seen.
3. If opens between 11865-11900, its a no trading zone.
But if breaks 11865 a down move can be seen.
4. If opens flat (11830-11840), wait and watch for marked levels to get tested or rejected. Accordingly position can be made