Nifty Trade Setup for 21 APR 2022
Nifty closing looks bullish and managed to close above today's and tomorrows CPR.
At this point of time the global clues looks bullish to neutral.
Flat Opening:
CPR should act as a good support & Bullish Reversal should act as a strong support. Any support confirmation around these zone we can possibly go long & expect Bullish Breakout Zone of 17250 as first Target & then trial for upper levels.
Gap up Opening:
In case of gap up opening or carrying BTST, expect first resistance around 17225-17250. A break out this zone we can look for long opportunity.
Gap down opening:
Any resistance at CPR & CPR low is compromised we can expect 17000 levels to be tested and Bearish Breakout compromised we can expect lower targets.
Nifty closing looks bullish and managed to close above today's and tomorrows CPR.
At this point of time the global clues looks bullish to neutral.
Flat Opening:
CPR should act as a good support & Bullish Reversal should act as a strong support. Any support confirmation around these zone we can possibly go long & expect Bullish Breakout Zone of 17250 as first Target & then trial for upper levels.
Gap up Opening:
In case of gap up opening or carrying BTST, expect first resistance around 17225-17250. A break out this zone we can look for long opportunity.
Gap down opening:
Any resistance at CPR & CPR low is compromised we can expect 17000 levels to be tested and Bearish Breakout compromised we can expect lower targets.