Nifty - Can Sell Be Repeated 14635-14650

5 May 2021

As updated this morning in last idea - careful in the zone 14635-14650 - can act as supply zone / selling zone

-------------------------------------------------------------------------------------------------------------------------

Comment: 08:54 Hrs / 5th May2021

Update for 5th May2021 -----------------Nifty Index-----------------------------------

SGX Nifty +70 / If Nifty Opens Gap Up & rushes to 14635-14650 - Traders have to be careful as 14635-14650 is the supply zone / selling zone - In case Nifty halts close to 14635-14650 (Strictly not crossing above 14650)
Expect drop to 14580 / 14550 -Intraday

-------------------------------------------------------------------------------------------------------------------------

Last Idea

5 May 2021

İşlem aktif

15:16 Hrs / 5th May 2021

Last @ 14617

These days markets are volatile. Gap ups & Gap downs are very common. If one cannot bear the risk then trading should be done intraday

Index has already dropped close to 14550 which was expected & we still have negative bias till Index is below 14650 & 14725

Downside Targets - 14475 / 14275

6 May 2021

Not

09:54 Hrs / 6th May2021

Last @ 14680

Day High @ 14697

Suggested Supply levels 14650 & close to 14725 - Also keep a watch as 14700 is also important level & can act as supply level

Only if Index trades above 14700 - we will avoid selling

6 May 2021

İşlem kapandı: durdurma seviyesi

13:07 Hrs / 6th May2021

Last @ 14715

Sell setup invalidated above 14700