NIFTY Pre Market Analysis 17/10/2022 E3
Aggiornato
Good Morning everyone,
Keeping SGX Nifty in mind (17070 levels) Lets say Nifty will have a gap down of approx. 100 points
-->Nifty will try to open @17060-70 levels
-->We will be almost opening near support zone.
-->Unless it breakdown 17000 level on stays there for min 15 mins there shouldn't be any shorting.
-->After opening,
-->If market shows bullishness like 5 Min range breakout/15 min narrow range breakout then we can go long with Stop losses below the range.
-->Targets would be as mentioned on chart.
-->After opening,
-->If market goes to test 17000 level (good demand zone) ,Here wait with patience if market shows bullishness(forming bullish candles or
breaking previous highs on 5m TF) then we can go long with SL placed below 16950 and the Targets would be same as mentioned on the
chart.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
Keeping SGX Nifty in mind (17070 levels) Lets say Nifty will have a gap down of approx. 100 points
-->Nifty will try to open @17060-70 levels
-->We will be almost opening near support zone.
-->Unless it breakdown 17000 level on stays there for min 15 mins there shouldn't be any shorting.
-->After opening,
-->If market shows bullishness like 5 Min range breakout/15 min narrow range breakout then we can go long with Stop losses below the range.
-->Targets would be as mentioned on chart.
-->After opening,
-->If market goes to test 17000 level (good demand zone) ,Here wait with patience if market shows bullishness(forming bullish candles or
breaking previous highs on 5m TF) then we can go long with SL placed below 16950 and the Targets would be same as mentioned on the
chart.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
Nota
Nifty opening at 17150 levels almost Near T1 Better to wait till price reach either supply or demand zoneNota
Intraday bullish If you want to go long wait for a pull back then enter with day low as SL and 17250 as Target areaNo pull back no trade
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