NIFTY next moves

5 Eki 2021

Important Levels on Charts

NIFTY has been consolidating in a wide range - the overall texture is still positive but it may see minor retracements

If today it takes out 17609 lvls with GAP DOWN , the probability of seeing 17436 is very high

and if it sustain below 17436 for more than 30 min - probability of testing 17210-17250 becomes quite high


There are multiple ways to trade this setup - the safest way
- buy at strong support zone of 17210 - 17250

another way is to keep selling CE till it reaches that zone

buying PE in a bullish market is risky - if you can quickly book profits that also may be an approach