Nifty Trade Setup for 11 MAY 2022

Nifty Trade Setup for 11 MAY 2022

Nifty is bearishly aligned.

Expecting a gap down opening in Nifty around Bearish Breakout zone. Any resistance from S1 / Bearish Breakout Zone we can expect Nifty to test out T1/T2 & even extended targets of 15900 levels before finding the support.

Any support confirmation at 15970 levels we can possibly look for a buying opportunity.

In case 15970 getting compromised further we can expect next support for nifty around 15800 & 15500 in coming days.
Chart PatternsTechnical IndicatorsNIFTYniftypredictiontradershedgeTrend Analysis

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