Nifty Trade Setup for 04 MAY 2022

Nifty Trade Setup for 04 MAY 2022

Nifty likely to open flat. Nifty closed on a positive note in the previous session and any pull back to test 17021 / 17000 levels is a good buying opportunity after confirmation of support.

We will look for possible sell opportunity only if S1 support of 16960 is compromised for lower Target of T1 & T2.

Any support around CPR or break out PDH we can expect possible target of 17135.

In case if R1 resistance of 17135 is taken out & sustained we can possibly look for T1 & T2 targets on the higher side.
Chart PatternsTechnical IndicatorsNIFTYniftytradesetupniftytrendanalysistradershedgeTrend Analysis

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