Sacredmonkey

Nifty Trading Plan - 24th June

Long
NSE:NIFTY   Nifty 50 Index
Summary

HTF trend is bullish and any weakness is an opportunity to buy. Market I believe is soaking all supply hence, expect market to consolidate before moving upwards.

15469 is critical level and only if its breached in convincing manner, then my view will change from Bullish to Bearish in Medium term.

Pivot analysis infers SIDEWAYS bias But, since its expiry expect wild movement due to presence of GAMMA and loss of THETA.

Support levels 15630/15670

Resistance levels 15735/15800.

Fade the edges in sideways market and book quick profits.

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Step 1 - Strategies to be deployed -

Open drive rejection

PPT .

Evening star .

RCR

CPRRVL


Step 2 - Trading Plan

Any bullish PA above 15625 is long with stop of 15597 and target of 15676.

Any bullish PA above 15685 is a long with stop of 15657 and target of 15739.

Aggressive long above 15868 with stop at 15840 and target of 15913.

Any bearish PA below 15733 is a short with stop of 15761 and target of 15676.

Any bearish PA below 15614 is a quick scalp with stop of 15642 and target of 15572 .


This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.


Have a nice day!!

@Sacredmonkey

Comment: Any bullish PA above 15744 is long with stop of 15714 and target of 15780.

I had missed to update PPT strategy trade, My bad. Pease use it if market provides a chance
Trade active: Plan 6 in progress
Trade closed: target reached: Plan 6 done.

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