nifty 06-01-2022
#NIFTY50
SGX nifty is showing negative opening and we will be having a gap down.
Currently SGX has shown fall from harmonics level of 18000 and now currenlty trading at the hourly support 17800.
2 trade set up can be possible
1. if this support breaks we can see further fall till 17700 - 17650.
Note - 17700-17650 is strong demand zone for today
2. if support dont break then we can see pull back 17900
And then expiry range will be limited between 17900 to 17800
I have shared the chart of IN50 for reference , since data in Nifty is missing (i mean the fall from 18000 which happned durning our market hours has been closed)
SGX nifty is showing negative opening and we will be having a gap down.
Currently SGX has shown fall from harmonics level of 18000 and now currenlty trading at the hourly support 17800.
2 trade set up can be possible
1. if this support breaks we can see further fall till 17700 - 17650.
Note - 17700-17650 is strong demand zone for today
2. if support dont break then we can see pull back 17900
And then expiry range will be limited between 17900 to 17800
I have shared the chart of IN50 for reference , since data in Nifty is missing (i mean the fall from 18000 which happned durning our market hours has been closed)
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