Here are the levels for nifty to trade for tomorrow intraday. on weekly TF price look bullish and we can see engulfing candle. on the daily TF price looks bullish but this week price can have some retracement or pull back we can see some selling pressure from the top. on the daily TF we can see the RSI divergence as well. IN 1HR TF price is in a range and the direction is not yet confirmed. we can see on the 15min TF price break the both the Higher high and higher low and this week we would know how the price will move. if the price does not break the that important level then we can see some selling pressure in nifty. if the price breaks the mini support then the head and shoulders pattern will confirm and can take the short trade. so tomorrow we plan trades. but if the price breaks the upside then we can take the long trades. even the price price can create traps for buyers so trade careful with SL.
for buying : wait for the price to break and close a above that important level and we can enter on pull back with volumes confirmation. and take trade with strict SL and Target. if the price open gap up then wait for the price action. don't enter even if the price taking support from the important level wait for price action and trade.
for selling: if the price breaks the mini support then we can go short with the volumes confirmation.
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.
for buying : wait for the price to break and close a above that important level and we can enter on pull back with volumes confirmation. and take trade with strict SL and Target. if the price open gap up then wait for the price action. don't enter even if the price taking support from the important level wait for price action and trade.
for selling: if the price breaks the mini support then we can go short with the volumes confirmation.
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.