Yesterday we have seen a good fall after the breakdown of important support , and sentiment is still negative. But as we know for every swing low there will be always a swing high
Considering this , we will be seeing a good recovery today from harmonics levels but the sentiment is negative , we wil be seeing very dirty swings in uptrend , option buyers keep watching your poistions in intrday
So coming back to today levels
We might see the gap of 150-200 points and our trade set up will be very tricky , wait for range creation
first sell the range , considering range bound market,
or in first half if you see nifty trading around 17020, due to good RR and sentiment negative , we can create a short postion from this point
I have attached charts with levels for reference
you can DM me directly if you have any questions
Considering this , we will be seeing a good recovery today from harmonics levels but the sentiment is negative , we wil be seeing very dirty swings in uptrend , option buyers keep watching your poistions in intrday
So coming back to today levels
We might see the gap of 150-200 points and our trade set up will be very tricky , wait for range creation
first sell the range , considering range bound market,
or in first half if you see nifty trading around 17020, due to good RR and sentiment negative , we can create a short postion from this point
I have attached charts with levels for reference
you can DM me directly if you have any questions
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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.