Nifty Trade Plan for 15 NOV 2021
Nifty made beautiful reversal from the monthly pivot in the previous trading session and gave us a good long opportunity and managed to close above the 18100 levels.
Nifty has formed a wider CPR on intraday time frame and hoping to be in a range today.
In case Nifty opening gap up, we have resistance around 18162-18185 levels.
If resistance is confirmed around these zones after opening we can go for possible shorting opportunity and we can expect Nifty to previous day closing of 18102.
In case Nifty opens flat and previous session high is taken out on upside with support confirmation we can expect Nifty to test 18180 levels.
On the higher side 18222 is strong resistance from Virgin CPR .
In case if Nifty opens flat and test CPR and bounces back again above 18043 then we can again go long with target of Previous day high.
Nifty made beautiful reversal from the monthly pivot in the previous trading session and gave us a good long opportunity and managed to close above the 18100 levels.
Nifty has formed a wider CPR on intraday time frame and hoping to be in a range today.
In case Nifty opening gap up, we have resistance around 18162-18185 levels.
If resistance is confirmed around these zones after opening we can go for possible shorting opportunity and we can expect Nifty to previous day closing of 18102.
In case Nifty opens flat and previous session high is taken out on upside with support confirmation we can expect Nifty to test 18180 levels.
On the higher side 18222 is strong resistance from Virgin CPR .
In case if Nifty opens flat and test CPR and bounces back again above 18043 then we can again go long with target of Previous day high.