Gap Up Opening:
If NIFTY opens above 22,400 and sustains, it may initially trend towards 22,450 – 22,476. However, if it faces rejection and stays above 22,480, there might be resistance near 22,550. A short trade could be considered with a stop loss at 22,603 for a target of 22,350 – 22,344. Alternatively, if prices break and sustain above 22,603, they could ascend towards 22,700.
Flat Opening:
In case of a flat opening, if prices find support at 22,314 - 22,300, a buying opportunity may arise targeting 22,400 – 22,476, with a stop loss below 22,265. Below 22,265, prices may decline to 22,192, where a buying opportunity could be considered with a stop loss at 22,180 for a target of 22,300 – 22,314.
Gap Down Opening:
In the event of a gap down opening below 22,240, prices may find support at 22,192 – 22,200. A buying trade can be considered with a stop loss at 22,170 for a target of 22,300 – 22,314. If prices trade below 22,170, they might drop to 22,100 – 22,092, presenting another buying opportunity for targets at 22,200 – 22,300 – 22,314.