rakeshreddym的NSE:NIFTY的Nifty Ready for big Expiry ?

Nifty Ready for big Expiry ?

NIfty today opened high then got immeadiate sell off from top and consolidated whole day in tight range tommorow could be a big trending expecting in my view.Nifty struck in triangle which everside breakout happens and sustains can give good moves.

Resistance : 22250 above long tagets of 22300,22360,22400,22420.
Support: 22160 below short targets of 22100,22050,21950,21900.

Mentioned Support&Resistance and Targets can act as reversal points also please check price action on those levels.

註釋

gap up open waif for a dip to 22250 area then look for long option today reliance can perform good today as wind fall tax been cut

註釋

watch for positive price action here

註釋

Nothing changed same pattern everyday opening gap up then sell off and consolidating, i thought of this expirty will be good since few days it it in a range .

交易進行

Entry short on retest of 22200 area

註釋

交易結束：目標達成

註釋

if this contiumes expecting it to test 22070 also today look for sell on rise do not short on lows

註釋

22070 acheived even it gave wild move towards upside only to find a resistance at 22300 area and that is higher low from day high rejected fell to expected area mentioned at 22070 below.