Gap Up Opening above 22400:
If NIFTY opens with a gap up above 22400, consider a buy trade if it sustains above 22420. Set a stop loss below 22390 and target levels at 22462-22500. However, if it faces resistance at 22420 and drops below 22380, initiate a short trade with a stop loss at 22420 targeting 22300-22288.
Flat Opening:
In case of a flat opening, look for a buy trade near 22300 with a stop loss below 22280 and target levels at 22400-22420. A sustained move above 22430 can extend targets to 22500. Conversely, if prices start trading below 22270 and encounter resistance at 22300, consider a short trade targeting 22187-22142 with a stop loss at 22305. Look for a buying trade if prices reverse near 22150, with a stop loss below 22100 and targets at 22300-22328-22400.
Gap Down Opening below 22250:
In the scenario of a gap down opening below 22250, observe if prices quickly regain the level of 22300 and trade above 22330. In such a case, consider a buy trade with a stop loss below 22280 and targets at 22400-22419, extending to 22500 upon sustaining above 22525. If prices break down below 22300 and trade below 22280, initiate a short trade targeting 22187-22142-22108 with a stop loss at 22305. Look for a buy trade near 22150 with a stop loss at 22100 for targets at 22300-22328-22400