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hemantk9042
Jan 6, 2022 3:26 AM

nifty 06-01-2022 

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#NIFTY50

SGX nifty is showing negative opening and we will be having a gap down.

Currently SGX has shown fall from harmonics level of 18000 and now currenlty trading at the hourly support 17800.

2 trade set up can be possible

1. if this support breaks we can see further fall till 17700 - 17650.

Note - 17700-17650 is strong demand zone for today

2. if support dont break then we can see pull back 17900

And then expiry range will be limited between 17900 to 17800

I have shared the chart of IN50 for reference , since data in Nifty is missing (i mean the fall from 18000 which happned durning our market hours has been closed)

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