Nifty Trade Plan for 22 AUG 2022

S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)

NSE:NIFTY1! S&P CNX NIFTY INDEX FUTURES

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Nifty Trade Plan for 22 AUG 2022

Nifty is bullishly biased for the day with a solid bullish closing and managed to close above key resistance level of 16600.

Expecting a gap up opening in Nifty around R1 resistance levels.

If R1/Bullish Break Out is taken on opening 15-30 min we can possibly expect T1/T2 Targets today.

In case if R1/Bullish Breakout is not taken out on opening then we can possibly expect Nifty to be retest Bullish Reversal Zone and then bounce back on upside.

Any compromised of CPR we can possibly expect S1 and then PDL.

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