Here are the levels for nifty to trade for tomorrow intraday. on weekly TF price is bullish and formed an green engulfing candle. on the daily TF price has break the previous swing as well. on 1hr TF and 15min TF price is in over bought zone so we will wait for pull back and take the long entries. and in these TF price has streched a lot more so price will defintely need a pull back or time based correction.
if the price open gap up then we wait for the pull back or side ways and here mark the day high and low and trade based in the breakout on the either side of the direction. and don't take trade if the pirce opens gap up and come down take support from PDH and forms any hammer near that level it could be trap there. if price open any gap down then we can support levels or the fib levels we can take entries with the volumes confiramtion.
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 open gap up then we wait for the pull back or side ways and here mark the day high and low and trade based in the breakout on the either side of the direction. and don't take trade if the pirce opens gap up and come down take support from PDH and forms any hammer near that level it could be trap there. if price open any gap down then we can support levels or the fib levels we can take entries with the volumes confiramtion.
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.