Here are the levels for nifty to trade for tomorrow intraday. today price moved completely sideways and let's wait whether we get the nice trending market. mark the support and resistance lines as shown in chart. and fib levels as well.
if the price breaks the 0.382 level then on the retest we can take the entry with the volumes confirmation. and also we can take the short scalping trade when the trendline breaks but it will be the risky trade.
if the price breaks the blue line then we can take the long side trade on the retest with the volumes confirmation.
it better to avoid trade in options unless we are very sure with the direction of the price and because of the low India VIX it is better to trade in futures.
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 0.382 level then on the retest we can take the entry with the volumes confirmation. and also we can take the short scalping trade when the trendline breaks but it will be the risky trade.
if the price breaks the blue line then we can take the long side trade on the retest with the volumes confirmation.
it better to avoid trade in options unless we are very sure with the direction of the price and because of the low India VIX it is better to trade in futures.
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.