Tomorrow's trade setup will depend upon opening. Let's discuss 3 possibility
1. Gap up opening:- if Market open above 17950,
then buy above 17950-40.
for a target 18025-18050.
again sell around 18050 -18100.
2. Gap down opening:- if the market opens
below17870 then we short trade nifty for 17840-17800.
we can look for pullback 17750.
if nifty trade below 17750 then we can short
again for the target 17660.
3. Range-bound opening;- if nifty opens between 17880 - 17940. we can trade both sides.
Let the market make a range and set your trade accordingly.
1. Gap up opening:- if Market open above 17950,
then buy above 17950-40.
for a target 18025-18050.
again sell around 18050 -18100.
2. Gap down opening:- if the market opens
below17870 then we short trade nifty for 17840-17800.
we can look for pullback 17750.
if nifty trade below 17750 then we can short
again for the target 17660.
3. Range-bound opening;- if nifty opens between 17880 - 17940. we can trade both sides.
Let the market make a range and set your trade accordingly.
Trade closed: target reached:
Done trade 1st target done.
Trade closed: target reached:
see the chart ... how we trade both sides..with very small SL