Wednesday Trading Plan for Nifty

#NIFTY50

💥Nifty50 closed at 18244, gave good rally post 2 pm and as per current SGX Nifty there will be Gap up tomorrow of +40 points which can lead Nifty to 18280 levels.

💥We can plan for CE after 9:45 am if Nifty sustain above 18280 or we buy at retracement upto 18140. Target will be 18308/18360/18440

💥18280 and 18308 is a resistance if any red candle (bearish hammer, doji) forms in 15 mins timeframe then we can short Nifty with SL as Day high and wait for 60-80 points, also we can short Nifty at 9:30 am if day low breaks then we can see 18200-18150 levels.

💥Major fall will start after breakdown of 18130 level. Later we can see recovery by afternoon.

💥Support/Resistance as per technical: 18300/18280
💥Support/Resistance as per OI: 18300/18400

👉Nifty PCR (Put Call Ratio): 0.85 which is a oversold still but some fresh buy happened today. So Short covering may trigger tomorrow or in Expiry.

👉Huge OI in 18200 (Support).