Nifty has formed Bearish Engulfing candle & looks set to decline
Trading Set Up "Idea" for Nifty for 15th March 2021
- A Short set up looks apt and Puts of 14,800 look lucrative if 15-minute candle closes below 14,870 level.
- In case Nifty gaps up (unlikely) decisively and makes intra-day higher highs, can go long with a stop loss at the low of previous day or below next support level of 14,800
*This is an Idea and for educative purpose only
- A Short set up looks apt and Puts of 14,800 look lucrative if 15-minute candle closes below 14,870 level.
- In case Nifty gaps up (unlikely) decisively and makes intra-day higher highs, can go long with a stop loss at the low of previous day or below next support level of 14,800
*This is an Idea and for educative purpose only
Trade closed: target reached:
Idea materialized as described