Nifty Trade Plan for 06 JAN 2022
Global markets showing some bearishness and Nifty is at resistance.
Expect Nifty to open gap down around 17870, which is also our bullish reversal zone. Need to wait for the price action around these and take entries.
Expect Nifty to trade in a range today, so 18000 - 17800 strangles would be ideal as per my view.
As Per Open Interest
Resistance - 18000
Support - 17800
Global markets showing some bearishness and Nifty is at resistance.
Expect Nifty to open gap down around 17870, which is also our bullish reversal zone. Need to wait for the price action around these and take entries.
Expect Nifty to trade in a range today, so 18000 - 17800 strangles would be ideal as per my view.
As Per Open Interest
Resistance - 18000
Support - 17800