Nifty Trade Setup for 17 JAN 2022
Nifty likely to open gap down around 18200 levels.
18200 looks to be strong resistance and 18140/ 18000 looks to be strong support for today.
In case if Nifty CPR is compromised today on lower side we can expect possible test of S1 (18154) Support and if that is compromised PDL (18120) likely to get tested.
Expecting to be a range bound market today.
Nifty likely to open gap down around 18200 levels.
18200 looks to be strong resistance and 18140/ 18000 looks to be strong support for today.
In case if Nifty CPR is compromised today on lower side we can expect possible test of S1 (18154) Support and if that is compromised PDL (18120) likely to get tested.
Expecting to be a range bound market today.