Nifty Levels 02/08/2022
Nifty is close to its last bullish target. There is daily supply zone at 17500-17700. There are chances that Nifty might reverse from this level or consolidate around this level before sliding down.
There are 2 possibilities today and you can plan your trade according to levels.
1) After flat or gap down opening, BUY CE if market sustains above 17400 in 15 mins candle for targets of 17500-17600. BUY PE at 17500 for target of 17400
2) After flat or gap down opening, BUY PE if market sustains below 17252 in 15 mins candle for targets of 17100-17000 and final target of 16800.
There are 2 possibilities today and you can plan your trade according to levels.
1) After flat or gap down opening, BUY CE if market sustains above 17400 in 15 mins candle for targets of 17500-17600. BUY PE at 17500 for target of 17400
2) After flat or gap down opening, BUY PE if market sustains below 17252 in 15 mins candle for targets of 17100-17000 and final target of 16800.
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