Nifty Prediction for 6th Sep....New High or Reversal with panic
Monday ^th Sep Nifty prediction
1: Gapup- If it Opens above 17400 wait for price action to form
Taget is very near so risk would be higher wait till support line if it moves upward after confirmation of 15 min candle with huge volume then take CE
2:Flat opening- If it opens Flat ...there is a trendline it should act as a support if it takes then CE above 17340 Target should reach and it will open up 17500 levels
3:Gap down-
If it opens Below 17200 Then we can Think for PE...When it rises Sell on Rise will work This senario triggers panic selling so PE only after 17220
P.S. Stop Loss Can Save
1: Gapup- If it Opens above 17400 wait for price action to form
Taget is very near so risk would be higher wait till support line if it moves upward after confirmation of 15 min candle with huge volume then take CE
2:Flat opening- If it opens Flat ...there is a trendline it should act as a support if it takes then CE above 17340 Target should reach and it will open up 17500 levels
3:Gap down-
If it opens Below 17200 Then we can Think for PE...When it rises Sell on Rise will work This senario triggers panic selling so PE only after 17220
P.S. Stop Loss Can Save
Order cancelled:
No levels activated so.....no trading today...