Good evening all,
What a day for us. Today, the index was true to its nature.... VOLATILE and how? Hope you did make a bunch. So what in for tomorrow? Well, monthly expiry and expiries are seldom boring. So, while we get excited, we must be watchful.
My view for tomorrow too is neutral;
Long side view:
Buy above 34600
Target 1 - 34759
Target 2 - 34840
Target 3 - 34940
Above this trail your SL
---------------
Short side view:
Sell below 34340
Target 1 - 34220
Target 2 - 34115
Target 3 zone 34000 - 33950
A stop-loss of 100 points is a good idea on both entries for a RR of at least 1:1
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
What a day for us. Today, the index was true to its nature.... VOLATILE and how? Hope you did make a bunch. So what in for tomorrow? Well, monthly expiry and expiries are seldom boring. So, while we get excited, we must be watchful.
My view for tomorrow too is neutral;
Long side view:
Buy above 34600
Target 1 - 34759
Target 2 - 34840
Target 3 - 34940
Above this trail your SL
---------------
Short side view:
Sell below 34340
Target 1 - 34220
Target 2 - 34115
Target 3 zone 34000 - 33950
A stop-loss of 100 points is a good idea on both entries for a RR of at least 1:1
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Trade closed: target reached:
SL saved by 6 points and 1st target reached on the long side