Gap Up Opening Above 22700:
Buy: If NIFTY sustains above 22700, consider buying with a stop loss set at 15-minute candle closes below 22675. Target levels are 22794-22800.
Short: If the price fails to sustain above 22688 and gets rejected, consider shorting with retracement targets at 22600 – 22562.
Flat Opening:
Plan for a short trade if the first-hour candle closes below 22562 without breaking the previous day's high (22625). Target levels should be 22449 – 22374 with a stop loss at 22710.
Plan for a buy trade if prices find support at 22562 and trade higher above 22600. Target levels are 22688 – 22710 and 22794.
Gap Down Opening Below 22500:
Wait for the first hour, if prices don’t recover above 22562, look for short-side trade near 22550-22530. Set a stop loss at 22570 and target 22449 – 22374.
If prices recover above 22580 within the first hour, plan for a buying trade with a stop loss at the low of the opening candle and target levels at 22688 – 22700.