NIFTY Analysis/Prediction for tomorrow 02-08-2022

Aug 1, 2022

NIFTY Analysis/Prediction for tomorrow 02-08-2022

For Flat Opening
🟢 Buy CE above 17380
✔️ Target Should be 17500
🔴 Avoid PE

For Gap-UP Opening
🟢 Buy CE near 17430 (if market opens below 17420)
✔️ Target Should be 17500
🔴 Buy PE Near 17500 (Only if market opens above 17450)
✔️ Target Should be 17350

For Gap-Down Opening
🟢 Buy CE above 17340
✔️ Target Should be 17430
🔴 Buy PE below 17250
✔️ Target Should be 17150,17000

Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 50 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.


Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.

Aug 2, 2022

Trade closed: stop reached

Closed the day..