Summary
► HTF is again is crucial demand zone. DTF has a "Inverse Hammer" candle, which infers "Negative" bias".
► Pivot analysis infers Trading Range DAY bias.
► Any upward movement is an opportunity to sell, provided it's in right levels.
► Support levels 15633/15605
► Resistance levels 15780/15745
► Demand zone will have lot of buyers, so don’t sell at first chance, wait for an uprise and check for strength of candles before committing.
► Crucial zone is "confluence zone". Watch closely to trigger for momentum and taking trades.
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Step 1 - Strategies to be deployed -
l Open drive rejection.
l PPT.
l Evening star.
l RCR
l CPRRVL
Step 2 - Trading Plan
1. Any bullish PA above 15795 is stop of 15773 and target of 15836.
2. Any bullish PA above 15720 is quick scalp with stop of 15699 target of 15743.
3. Any bullish PA above 15647 is stop of 15626 and target of 15691.
4. Any bearish PA below 15691 is short with stop of 15717 and target of 15652.
5. Any bearish PA below 15625 is short with stop of 15645 and target of 15585.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!!
@Sacredmonkey
Trade active:
Plan 1 in progress
Comment:
Please exit at 3:00PM or 3:15 PM max at cost or LTP. Its risky to carry in last 15 minutes.
Comment:
Booked profit at 15818