Here are the levels for nifty to trade for tomorrow intraday. tomorrow is an expiry so trade in next week contracts if you are an option buyer. nifty is bullish as compared to bank nifty tomorrow we can see a bullish to sideways market. and nifty finally out of the range. mark the fib extension and to take the targets. but if the market open gap up flat wait for the price to retrace as the RSI is in over bought zone in lower TF's. if the price opens the gap down then tomorrow we can see a inside candle or else we can see doji candle.
if the price opens gap up or the flat let the price comes to the 18685 level then we can take the long entry on the formation of the bullish reversal pattern with the volumes confirmation.
if the price opens gap down and breaks the day low then we can enter the short trade but once check the India VIX is rising or not if it rises then we can take the short trade. and till the India VIX is above 12 trade with strict SL and Target and don't take any aggressive short trades.
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 opens gap up or the flat let the price comes to the 18685 level then we can take the long entry on the formation of the bullish reversal pattern with the volumes confirmation.
if the price opens gap down and breaks the day low then we can enter the short trade but once check the India VIX is rising or not if it rises then we can take the short trade. and till the India VIX is above 12 trade with strict SL and Target and don't take any aggressive short trades.
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.