Here are the levels for nifty to trade for tomorrow intraday. today price ralied so slowly. the people who are doing option buying should wait for some day or until the India VIX should should increase till then avoid trading in option buying i will suggest go with the futures trading even the option selling is also not good because the premiums are very less. trade in 15min TF for best entry and trade probability.
price is trying to form a M pattern or double pattern in 1HR TF so the last swing will be the resistance if the price comes to this resistance and forms any bearish pattern then we can take the short entry and i am thinking before it makes the bearish pattern it will trap the buyers by breaking upside so we will not take if the price breaks the 17840 level. even we can also a scalping trade if the price breaks the mini support formed today (green zone level) then also we can take the short only on the retest. and if the price forms any bullish pattern near the day low then we can take the long trade. remember if price has to move up then it must come down and only it has to move up then only it will be valid. if the price open gap down and breaks the day low then we can take the short trades and marks the fib levels based on it we can take the targets.
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.
price is trying to form a M pattern or double pattern in 1HR TF so the last swing will be the resistance if the price comes to this resistance and forms any bearish pattern then we can take the short entry and i am thinking before it makes the bearish pattern it will trap the buyers by breaking upside so we will not take if the price breaks the 17840 level. even we can also a scalping trade if the price breaks the mini support formed today (green zone level) then also we can take the short only on the retest. and if the price forms any bullish pattern near the day low then we can take the long trade. remember if price has to move up then it must come down and only it has to move up then only it will be valid. if the price open gap down and breaks the day low then we can take the short trades and marks the fib levels based on it we can take the targets.
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.
Trade active
took the trade on 1min TF as on the break of mini support.Trade closed: target reached
took 1:1 risk to reward trade and done with this trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.