NSE:NIFTY Analysis/Prediction for tomorrow 16-08-2022

NIFTY Analysis/Prediction for tomorrow 16-08-2022

Due to the Long weekend try to trade after watching the one-hour price action.

for flat opening
🟢 Buy CE above 17724
✔️ Target Should be 17795
🔴 Buy PE below 17680
✔️ Target Should be 17600, 17515

for Gap-UP opening (below 17780)
🟢 Buy CE above 17820
✔️ Target Should be 17950
🔴 Buy PE near 17800 or below 17700
✔️ Target Should be 17725, 17550

for Gap-Down opening
🟢 Avoid CE
🔴 Buy PE near 17700
✔️ Target Should be 17550


Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.


Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.