Nifty Trade setup for 26 APR 2022
Nifty closed on positive note in the previous session, closing above the next day CPR levels.
The global parameters also looks bullish and likely to open with a gap up around Target1 levels of 17100.
Immediate support for Nifty is R1 which should act as a good support, any pull back to R1 is a buying opportunity with SL below Bearish Reversal zone for a target of T1/T2 & higher.
On the upside the first resistance is around 17120-17150 levels, a break out of that we can expect to test 17220-17240 levels.
Nifty closed on positive note in the previous session, closing above the next day CPR levels.
The global parameters also looks bullish and likely to open with a gap up around Target1 levels of 17100.
Immediate support for Nifty is R1 which should act as a good support, any pull back to R1 is a buying opportunity with SL below Bearish Reversal zone for a target of T1/T2 & higher.
On the upside the first resistance is around 17120-17150 levels, a break out of that we can expect to test 17220-17240 levels.