Hi Guys, Just two simple scenario's in Nifty, so the details in the chart repeats : I see two scenario's or potential formation for long/short trade setups. (i) If Market opens Gap Down, Nifty can find support in the zone below 8800's n bounce back (ii) If Market moves up & gives bearish reversal around 8880's we can enter short (iii) Breaking any of the support/Resistance will determine the direction I believe else another ranging day, which I don't expect it to be. Just an info for harmonic traders,last week bearish Gartleys target 2 around 8770's.
Happy Trading !
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Until this support zone breaks,play safe. If broken Bears will control the Game !