Nifty gave a gap down opening and tested the support of 18060 and ten tested the resistance of 18150 and stayed range bound in a managed expiry.
with all global ques showing negativity, a gap down opening is expected on friday(20/1/23).
in case of gap down opening, the plan will be to wait for retest at 18000 levels before entering a trade.
Any PE buy trade will also be dependent on whether prices closes below 200 MA (green line) on a 5 min candle. in case of PE trade, the target could be 17940/17855/17795, with initial sl immediately above 200 MA.
In case of rejection at 200 MA, CE can be taken with target up to 50 MA line.
A gap up could be tricky situation and at best could be avoided as an option buyer as R/R will not be much favourable.
with all global ques showing negativity, a gap down opening is expected on friday(20/1/23).
in case of gap down opening, the plan will be to wait for retest at 18000 levels before entering a trade.
Any PE buy trade will also be dependent on whether prices closes below 200 MA (green line) on a 5 min candle. in case of PE trade, the target could be 17940/17855/17795, with initial sl immediately above 200 MA.
In case of rejection at 200 MA, CE can be taken with target up to 50 MA line.
A gap up could be tricky situation and at best could be avoided as an option buyer as R/R will not be much favourable.
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.
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.