[07 MAY 2021] NIFTY(MAY 2021 FUT) TRADE ANALYSIS/PREDICTION

6 mag 2021

I am going by three Views for tomorrow(07-May-2021)

• View 1: If Nifty opens in the range 14740 - 14820, then it may be a sideways market.
  Most probably it's not a bull intraday market as there is a huge resistance zone(14820 - 14860).
  
  
• View 2: If Nifty opens above 14860, we can anticipate a bull intraday market with resistance at 14934.
  At an initial session, We may expect a slight retracement till 14830, but takes support at this level and may move up.
  
  
  
• View 3: If Nifty opens below 14725, we can anticipate a bear intraday market with support at 14670 and may further slide below up to 14590.
  

But Chances are that Nifty may open +ve tomorrow(07-May-2021), this is because of the volume the last candle has made.

NIFTY

Note: All these views are personal.