nifty 17-03-2022

#NIFTY50

We are going to see gap up today and gap is huge . Nifty is going to key resistance 17000 today with gap up.

As harmonic traders , reversal trade is easy to find , for intraday , if nifty is testing 17300 -17250 we can short nifty with SL 17330 .

I wouldnt recommend to buy PE (option) today due to expiry , i would suggest Sell 17300 CE at opening and hedge with 17000 pe or 16900 pe . High probability that both will become zero today

I would not go for any postional trade in index as at this point risk is very high at buy side , since nifty has static resistance for every 100 points ,


For intraday sell the range first , directional trade is not possible today
Chart PatternsHarmonic PatternsTrend Analysis

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