Nifty Trade Setup for 09 Nov 2021
Nifty gave a beautiful rally taking support from previous virgin CPR and looking strong.
In case if Nifty opens flat or gap up then any pull back to today closing price or Bullish Reversal zone of 18000 or 17970 is a buying opportunity and we can expect Nifty to test our first target of 18140 & if 18160 resistance is taken out we can expect 18230 & 18300 levels.
Unless the previous CPR is not compromised its not safe to go short in Nifty.
Nifty gave a beautiful rally taking support from previous virgin CPR and looking strong.
In case if Nifty opens flat or gap up then any pull back to today closing price or Bullish Reversal zone of 18000 or 17970 is a buying opportunity and we can expect Nifty to test our first target of 18140 & if 18160 resistance is taken out we can expect 18230 & 18300 levels.
Unless the previous CPR is not compromised its not safe to go short in Nifty.