Nifty Trade Plan for 26 OCT 2021
Nifty looks bullish with a Narrow CPR and managed to close above the CPR and 18100 levels.
In case if Nifty opens flat to small gap up, any pull back to CPR and holds good we can go long with SL below Bullish reversal and sit for first target of 18200 and then if that is taken out we expect 18275.
In case of Bullish Breakout 18275 taken out we can expect 18450 levels to be tested.
I would prefer to short only if Bearish Breakout of 17975 forms a good resistance confirmation.
In case if Nifty opens flat to small gap up, any pull back to CPR and holds good we can go long with SL below Bullish reversal and sit for first target of 18200 and then if that is taken out we expect 18275.
In case of Bullish Breakout 18275 taken out we can expect 18450 levels to be tested.
I would prefer to short only if Bearish Breakout of 17975 forms a good resistance confirmation.
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