Another profitable day added to the calendar as per my previous post for 28th Aug.
Nifty is in Bearish zone. As the bearish bat pattern target is yet to reach. If Nifty comes below 11030 it should come to the below targets. 1st-10980, 2nd 10940, 3rd 10880
So what should be the Strategy for Intraday 29th Aug? If a gap down happens, wait till it retraces up near 11030 , 50, 70. Try to see a lower low lower close in 5 min candle near those levels, See the image below to know what is lower low lower close.
And if it goes above 11150 with a higher high higher close in 15 mins then Buy Nifty @11150. If continuous higher high higher low in 5 min time frame keeps on giving then hold till 11230. Cheers!!
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Guys i will be busy in work, since i was on leave for for 2 weeks i used to update during intraday. But you may expect less update now onwards. Sorry for that. But i will keep posting my idea in Daily basis.
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Already your orders should have been triggered. and keep rocking. Not Trading today.
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I think it will help to understand the nomenclature for safe trading as above picture. Cheers!!
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Stop loss trailed to 10966
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Stop loss trailed to 10961
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@10940 book 75% of your quantity
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Book all your profit if anybody holding, A stiff movement is expected now