NIFTY TRADE SETUP FOR MONDAY
Although nifty recovery around 250 points from the low in a single trading day but the market is still bearish.
if market opens above 11080 and sustain then we can initiate long for day trading. But in that scenario, I prefer to sell the put options with 11040 stop loss. .
the market can be range-bound between 11110- 11180.
once the market cross 11180 then we can see 11230, 11250.
on the other hand, if the market opens negative and sustains below 11020 we will initiate short.
for the target 10960,10902.
This is not a trade call. all views are for educational and discussion purpose only.
Although nifty recovery around 250 points from the low in a single trading day but the market is still bearish.
if market opens above 11080 and sustain then we can initiate long for day trading. But in that scenario, I prefer to sell the put options with 11040 stop loss. .
the market can be range-bound between 11110- 11180.
once the market cross 11180 then we can see 11230, 11250.
on the other hand, if the market opens negative and sustains below 11020 we will initiate short.
for the target 10960,10902.
This is not a trade call. all views are for educational and discussion purpose only.
Comment:
All Trade done ..happy treding
Comment:
See the magic of our trend Line. Enjoy.