NIFTY
Important Levels for 27-10-2021.
Finally a string of red candles comes to an end and with heavy buying at lower levels I expect Nifty to give a good buying movement tomorrow.
If we open flat, any dips till 18290-18310 can be bought with SL of 18285 for targets of 18350,18380 and 18440.
In case of a gap up, wait for the price to consolidate and once we cross 18440, we can take longs for targets of 18520,18540 and 18580. SL of 25-30 points shall be taken and trailed aggressively.
In case of a big gap down, 18210-18240 can act as support but trades should be initiated only when we see price action.
Will not prefer to short tomorrow unless we witness a massive gap up.
Option chain looks super bullish.
Finally a string of red candles comes to an end and with heavy buying at lower levels I expect Nifty to give a good buying movement tomorrow.
If we open flat, any dips till 18290-18310 can be bought with SL of 18285 for targets of 18350,18380 and 18440.
In case of a gap up, wait for the price to consolidate and once we cross 18440, we can take longs for targets of 18520,18540 and 18580. SL of 25-30 points shall be taken and trailed aggressively.
In case of a big gap down, 18210-18240 can act as support but trades should be initiated only when we see price action.
Will not prefer to short tomorrow unless we witness a massive gap up.
Option chain looks super bullish.
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