Here are the levels for nifty to trade for tomorrow intraday. we can see the price rejection from the 18450 level and on the daily TF price formed a bearish engulfing candle. we can also see that the price break down the rising channel today. which is a bearish sign. so we will plan for the tomorrow trades.
if the price opens gap up above the down trendline it may go up and price will form the inside candle on daily TF. and if open flat and break the resistance then on the retest we can take entry. here nifty is weak but not bank nifty so bank can pull the nifty up in which it leads to the SL hit of the today sellers and we can see a sharp recovery to up.
if the price open flat and small gap down don't immediately short the market on the 1st red candle lets wait for the pull back and if the price take any resistance near the trendline then we can take the short trade. and take target at the support which is the important support @18220.
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 above the down trendline it may go up and price will form the inside candle on daily TF. and if open flat and break the resistance then on the retest we can take entry. here nifty is weak but not bank nifty so bank can pull the nifty up in which it leads to the SL hit of the today sellers and we can see a sharp recovery to up.
if the price open flat and small gap down don't immediately short the market on the 1st red candle lets wait for the pull back and if the price take any resistance near the trendline then we can take the short trade. and take target at the support which is the important support @18220.
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.
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.