Nifty Trade Setup for 07 APR 2022

Nifty Trade Setup for 07 APR 2022

Nifty expected to open gap down around S1 Support.

The immediate resistance would be PDL & PDC and break out below Bearish Break out zone 17741 we can expect Possible Target 1 & Target 2. In case if Target 2 is achieved early during the day we can also expect 17600 too.

In case if S1 Support sustains on opening then expect the market will be trading in a tight range.
Chart PatternsTechnical IndicatorsNIFTYniftyanalysistradershedgeTrend Analysis

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