Nifty Trade Plan for 27 JAN 2022
Nifty likely to open gap down around 16900 levels today.
16900 seems to be a good support, Initial opening range sustains above this 16900 levels then we can expect market to slowly move and test out 17300-17400 levels.
I would prefer to go short only if PDL is compromised today.
Option selling should be preferred today as CPR is also quite wide today and expect a range bound market.
Nifty likely to open gap down around 16900 levels today.
16900 seems to be a good support, Initial opening range sustains above this 16900 levels then we can expect market to slowly move and test out 17300-17400 levels.
I would prefer to go short only if PDL is compromised today.
Option selling should be preferred today as CPR is also quite wide today and expect a range bound market.