Hello traders
Nifty appears to be travelling in parallel channel. Even it has given a bearish sign too going below center dotted line and taking a rejection too. So
1. Opens flat and breaks 17280 then take put with sl of 17335. Target 17160.
2. Opens flat and goes up then take put near center dotted line, with sl going above center dotted line. Target will be same.
3. If opens gap down then it might not give chance to take put. But if any pullback comes toward 17300 then again take put.
4. If nifty goes above center dotted line then avoid trading.
Risk to reward is the most important thing in intraday, and second thing is setting up daily targets not only on charts but also on how much do u want to earn on ur capital. U just can't make 10k with 10k on daily basis. Go step by step.
Nifty appears to be travelling in parallel channel. Even it has given a bearish sign too going below center dotted line and taking a rejection too. So
1. Opens flat and breaks 17280 then take put with sl of 17335. Target 17160.
2. Opens flat and goes up then take put near center dotted line, with sl going above center dotted line. Target will be same.
3. If opens gap down then it might not give chance to take put. But if any pullback comes toward 17300 then again take put.
4. If nifty goes above center dotted line then avoid trading.
Risk to reward is the most important thing in intraday, and second thing is setting up daily targets not only on charts but also on how much do u want to earn on ur capital. U just can't make 10k with 10k on daily basis. Go step by step.