Nifty Trade Plan for 11 June 2021
How chart looks on HTF :
Nifty formed a good bullish candle on daily time frame taking good support from monthly support zone
Expected Opening :
Expecting a flattish to small gap up opening in Nifty.
Today's Trade Setup :
Nifty looks bullish and managed to close above next day CPR.
If flat or gap up opening, watch out for first resistance around 15751 and if that is taken out we can trade long for 15800 & higher.
If gap down opening, will wait for 15700 to be taken out on the lower side and might try for shorting opportunity till 15634 levels & lower.
How chart looks on HTF :
Nifty formed a good bullish candle on daily time frame taking good support from monthly support zone
Expected Opening :
Expecting a flattish to small gap up opening in Nifty.
Today's Trade Setup :
Nifty looks bullish and managed to close above next day CPR.
If flat or gap up opening, watch out for first resistance around 15751 and if that is taken out we can trade long for 15800 & higher.
If gap down opening, will wait for 15700 to be taken out on the lower side and might try for shorting opportunity till 15634 levels & lower.