Here are the levels for nifty to trade for tomorrow intraday. today price opened gap up and traded sideways. so mark the day high and low and we can trade on the either side of the breakout. And mark the fib extension which can use for target levels for upside.
if the price breaks the day high wait for the retest and candle close above the 18660 level and then we can enter the long trade with the volumes confirmation. and if the price breaks down the day low and the support zone then we can take the short trade on the retest with the volumes confirmation. here mark the trendline that is important and the price takes support from it and move upside so i am expecting price to take support from the trendline and let from there market decide where to go. even u see market taking support from trendline and moving upside.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
if the price breaks the day high wait for the retest and candle close above the 18660 level and then we can enter the long trade with the volumes confirmation. and if the price breaks down the day low and the support zone then we can take the short trade on the retest with the volumes confirmation. here mark the trendline that is important and the price takes support from it and move upside so i am expecting price to take support from the trendline and let from there market decide where to go. even u see market taking support from trendline and moving upside.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.