NIFTY 01/06/23
Here are the levels for nifty to trade for tomorrow intraday. as we discussed yesterday today price will fill gap the gap hope you all take the trades and made profits. tomorrow trades will be simple and we can have the trades on the both the sides of the trend. we can either take the long trade in price trend continuation or the short trade if the price breaks the day low. green zone is the fib 0.782 level @ 18450 level on the daily TF.
if the price opens flat or gap up then if the price breaks the supply zone then on the retest we can take the entry based on the volumes confirmation that zone is also important fib level so mark it and take only breakout trade and don't trade reversal trades there. if the price breaks the day low then we can take the short trade on the retest of the candle with the volumes confirmation and if the price comes to the demand zone marked then bring the SL to the Break even and if that is broken then we can expect further fall from there.
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 flat or gap up then if the price breaks the supply zone then on the retest we can take the entry based on the volumes confirmation that zone is also important fib level so mark it and take only breakout trade and don't trade reversal trades there. if the price breaks the day low then we can take the short trade on the retest of the candle with the volumes confirmation and if the price comes to the demand zone marked then bring the SL to the Break even and if that is broken then we can expect further fall from there.
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.
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