Gap Up Opening:
If NIFTY opens above 22400 and maintains above 22370, consider buying with targets at 22450 – 22490. Conversely, if it rejects near 22444 and drops below 22370, short positions can be taken with targets at 22350-22324.
Flat Opening:
If the market opens flat and trades above 22320, consider buying with a stop loss at 22274 and targets at 22400 – 22450 – 22490. Short trades can be initiated below 22220 with a stop loss at 22260 and targets at 22145 – 22102.
Gap Down Opening:
In case of a gap down below 22250, short trades can be considered if the price faces rejection near 22275, with targets at 22183 – 22145 – 22101 and a stop loss at 22320. Conversely, if the price quickly regains 22300 and trades above 22320, consider buying with targets at 22400 – 22450 – 22490 and a stop loss at 22224.
Conclusion:
The trading plan suggests buying opportunities if NIFTY opens with a gap up or trades above certain levels, with targets set accordingly. Conversely, short positions are advisable if rejection or breakdown occurs at specific levels, with appropriate stop losses to mitigate risk.
Disclaimer:
Trading in the stock market involves risks and may not be suitable for everyone. The trading plan provided is for informational purposes only and should not be considered as financial advice. Traders should conduct their own research and consult with a financial advisor before making any trading decisions.