Nifty Trade Setup for 04 MAY 2022
Nifty likely to open flat. Nifty closed on a positive note in the previous session and any pull back to test 17021 / 17000 levels is a good buying opportunity after confirmation of support.
We will look for possible sell opportunity only if S1 support of 16960 is compromised for lower Target of T1 & T2.
Any support around CPR or break out PDH we can expect possible target of 17135.
In case if R1 resistance of 17135 is taken out & sustained we can possibly look for T1 & T2 targets on the higher side.
Nifty likely to open flat. Nifty closed on a positive note in the previous session and any pull back to test 17021 / 17000 levels is a good buying opportunity after confirmation of support.
We will look for possible sell opportunity only if S1 support of 16960 is compromised for lower Target of T1 & T2.
Any support around CPR or break out PDH we can expect possible target of 17135.
In case if R1 resistance of 17135 is taken out & sustained we can possibly look for T1 & T2 targets on the higher side.