Tomorrow is Expiry weekly as well as monthly. Trade carefully If market opens gap up then wait for price action to form. Take Ce position after Candle closing above 16710 ..15 min candlesticks is advised. If market opens Flat ...best Senario wait till 16680 then take PE Stoploss should be of 16700. This is the best Senario for tomorrow. If market opens Gap Down...
Today Bears are trapped but it will be very Tricky market tomorrow.... If Market opens Gap up and touches 16670 there should be a profit booking expected as market is going for secon time only. So 16670 will act as a Resistance. If that breaks....then there will be Short covering and market will continue to Go Upwards. If it Take Resistance then it will come to...
If nifty sustains above 16610 then Take a call with small stop loss If it is Flat then wait for the Reversals.... If supports are broken then Market go down ...... Always Place stop loss.
If market opens gap up...wait till 16507 then take CE If market breaks 16422 then wait for the confirmation to go down then take PE for maximum 20 point only with strict SL If market opens flat...wait till levels...then decide Opening is very important...if gap up then immediate profit booking is expected...so wait till 16507...then act accordingly. Thank you P.S....
In morning session it will come to 16557 It will bounce from theere and next level will be 16680 From there sharp selling is expected Trade carefully as tommarrow is weekly expiry. Market will be highly volatile. Trade with stoploss.
Strong resistance at 16700 Strong support is at 16500 Already crossed 16580 which was psychological level. Huge chanches to go 16650 today and in comming days 16700 like smooth buttery road.