NIFTY1! trade ideas
Flying Index, Strolling Future!Nifty FUT does not seem keen to move up and that is a little worrisome. We are at striking distance to ATH but the timing is not to brilliant. Election results are still a couple of weeks away. We could move up a little and then retrace to consolidate near the 50% mark. This looks like a logical scenario. But informed institutions could take big positions and that could go against any narrative. Will trade only after watching for a while.
Nifty special session Sat live.Don't see any major movement happening on Nify special live session on this saturday.
Lack of volumes are telling, there is huge difference between daily average and today's volume.
We will likely travel in the initial balance area of today and close to yesterday's POC.
Opening in the Bear's den. Nifty is all posed to open in the Bear's den. The higher probability is a few up ticks and then bears overporwer the bulls and sell aggressively. But if the bulls are aggressive enough and fresh buying comes in, there will be an epic short covering rally. Be prepared to trade. Could be a happening expiry.
Day Trading Nifty- Scalp sold Nifty around VWAP 14th May ’24 Below mentioned points are discussed in my post analysis video(Fast forward to 0:24 for Hindi Audio)
-No Trades in the morning
-Nifty Had poor volumes before 10
-Day Trading Nifty - Scalp sold Nifty around vwap;SL Hit
-How will i trade when market opens tom
Rise to be sold into!The higher the Gap up today, the mor confident I shall be to sell on the first tick. There is one stop NIFTY missed in this pilgrimage downhill: "21800". When she realizes it, she would turn around and rush to make that final downward journey before continuing up to where she belongs.
A gap down opening is when things will become tricky. In this case there might or might not be a retracement to gather longs before falling.
Day Trading Nifty-Scalped Sold Around Vwap-10th May ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:36 for Hindi Audio)
-No Trades in the morning
-Nifty had Buy volumes in the morning
-Scalped Sold Around Vwap;Same Structure as yesterday!
-How will i trade when market opens tom
NiftyCrucial days ahead. Nifty futures, if it breaks 21813.60, we will have some retracement but will be heading to 21060.
Break of 21060, we will definitely go to 20270, again via some retracement.
This is pole-base-flag pattern playing out in a weekly timeframe.
We are not in a bear market, but 10-15% correction may loom before we head back to the bullish trend again.
All this only if we break 21813.60. Be watchful.