Bank Nifty Expiry Day Trade Setup (01-June-2023)
Updated
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
What a sell of today which gave good trading setups for Day Traders i wasn't able to trade in morning session because of work but was able to capture 100 points in afternoon session when BNF Pulled back up.
Trade Breakup for today posted in yesterday's post.
For tomorrow expiry day setup:
1.) If opens flat will look for if it takes CPR as Support or at ATH (PDC) if it takes support target will be 44250, 44290 then 44300. If ATH becomes resistance will short for target of Today's low (43830) then 43750.
2.) If opens gap down then only will trade once price action is formed.
3.) If opens gap up then also will take trade once price action is formed.
As tomorrow's expiry day so premiums will just erode if there will be sideways action. so once price action is formed if it's range bound then will buy according to that range.
Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
What a sell of today which gave good trading setups for Day Traders i wasn't able to trade in morning session because of work but was able to capture 100 points in afternoon session when BNF Pulled back up.
Trade Breakup for today posted in yesterday's post.
For tomorrow expiry day setup:
1.) If opens flat will look for if it takes CPR as Support or at ATH (PDC) if it takes support target will be 44250, 44290 then 44300. If ATH becomes resistance will short for target of Today's low (43830) then 43750.
2.) If opens gap down then only will trade once price action is formed.
3.) If opens gap up then also will take trade once price action is formed.
As tomorrow's expiry day so premiums will just erode if there will be sideways action. so once price action is formed if it's range bound then will buy according to that range.
Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
Trade closed: target reached
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