Hi All,
I am posting my own analysis here, please do your own analysis before taking any trades. Always remember, we can survive in the market only if we can do our own analysis and trade accordingly.
Unable to post my analysis for 29th July, but inspite of huge gap up, market has faced a resistance at higher levels i.e. 37754 and took support exactly at one of our levels i.e. 37272 and bounced back from there.
My view for tomorrow:
NOTE: Market is facing resistance at 37754 and 37998 and immediate support is at 37272 and 37012, unless MARKET breaks 37012 on the down side and sustains below it, my view remains BULLISH, but remember market will be sideways to hugely volatile so be careful.
PLEASE TRADE WITH LIGHTER POSITIONS FOR FEW DAYS UNTIL MARKET TAKES A CLEAR DIRECTION and keep TRAILING your SL always.
1. HUGE GAP UP: Let the market go upwards, wait for a retracement at 37754 and 37998, if the market retests any of these levels and then goes up, then only go long, otherwise leave it and trade as per the price action.
2. FLAT OPENING: Trade as per price action as per the support and resistance levels mentioned above, OBSERVE how the market reacts at a particular support/resistance and trade accordingly.
3. GAP DOWN Opening: Our view is BULLISH and if this happens, wait for a retracement at any of the support levels and trade accordingly.
Quote of the Day: MARKET can take only that much MONEY from us which we allow it to take. Read it again, you will get what I am trying to tell. :)
Happy Trading.
TRADING IS SIMPLE BUT NOT EASY.
Reach out to me on 9989647590 for any other updates.
I am posting my own analysis here, please do your own analysis before taking any trades. Always remember, we can survive in the market only if we can do our own analysis and trade accordingly.
Unable to post my analysis for 29th July, but inspite of huge gap up, market has faced a resistance at higher levels i.e. 37754 and took support exactly at one of our levels i.e. 37272 and bounced back from there.
My view for tomorrow:
NOTE: Market is facing resistance at 37754 and 37998 and immediate support is at 37272 and 37012, unless MARKET breaks 37012 on the down side and sustains below it, my view remains BULLISH, but remember market will be sideways to hugely volatile so be careful.
PLEASE TRADE WITH LIGHTER POSITIONS FOR FEW DAYS UNTIL MARKET TAKES A CLEAR DIRECTION and keep TRAILING your SL always.
1. HUGE GAP UP: Let the market go upwards, wait for a retracement at 37754 and 37998, if the market retests any of these levels and then goes up, then only go long, otherwise leave it and trade as per the price action.
2. FLAT OPENING: Trade as per price action as per the support and resistance levels mentioned above, OBSERVE how the market reacts at a particular support/resistance and trade accordingly.
3. GAP DOWN Opening: Our view is BULLISH and if this happens, wait for a retracement at any of the support levels and trade accordingly.
Quote of the Day: MARKET can take only that much MONEY from us which we allow it to take. Read it again, you will get what I am trying to tell. :)
Happy Trading.
TRADING IS SIMPLE BUT NOT EASY.
Reach out to me on 9989647590 for any other updates.