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#Nifty Intraday Trade Setup for 16th April (Expiry day edition )

NSE:NIFTY   Nifty 50 Endeksi
Good Morning everyone,

Yesterday we have seen a clear down move from our harmonic prz area ( 9255) . Nifty close on 8925 so almost 330 points in Intraday .
Hope you guys aware from Indian Market. This Market is fully manipulated and operators works against to your emotions. Most of Retail Traders view is in bear side for today. I suggest do not make any view before the market Opening and wait for first hour to see the how market reacts.

Global Market Impact
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A- DOW down more then 445 point ( 1.86%)
B- SGX Nifty is also down more then 110+ Point atm

Let's see how our Market Reacts today on the above Scenario

Trade setup for 16th April
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Nifty key support is on 8660 and it's a B point from an another harmonic patter. Pattern will be activated on 8660 breakdown. I am accepting a gap down today and we need to keep an eye on 8660. Short Position will be activated if Index sustain lower then it .

Nifty Resistance Area is on 9140. Long position can consider above the 9140. You guys need to be aware because long has very less room in upside.



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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.