Nifty Up/down very confusing for many, Who follow my previous post they know what is the current market trend.
But as intraday trader we are focused to get safe 30/50 points everyday, we will let the market where ever it wants to go.
Trading on 26th Aug is little tricky, as multiple patterns contradicting each other, I have not put the harmonics in the chart frame this time, as it may confuse. I have put a price box and red arrows from where the market has high possibility to come down for a small target of 30/50 points. So we will enter at correct time to capture those 30/50 points as a Counter trend entry, which i will post during market hours as according to the market behavior we have to react, Keeping in mind the reversal pattern formed on Friday, it has depth to touch 10980 mark and a short covering can push the market to 11015-30. Though this happens occasionally to give a one .
My view for Market will be little in the opening and after 10.15 AM. If it matches our analysis we will enter otherwise wait and watch.
So for 26th Aug what should be the strategy for Intraday?
We will try to see a structure in 5 min time frame, a lower low and lower close at the red arrows we will enter the market, And the target will be 30/50 points and trailing stop-loss.
This is why my view in Nifty was bearish but overall view was Reversal bullish.
Now i understood why the chart pattern was showing conflicting view. Any how we got 37 point on nifty.
Then i will keep my view with me only. My targets are always safe targets as the market can go further up/down.
Both sides our target hit.
Like coment and share with your friends, if in trading they are losing money. They can follow me and recover their hard earn money.
What we presume to have failed is the U turn . We couldnt have noticed that, as we were busy booking profit in all dead couunters, whose technicals were not suggested by sir. By the time we could turn to NIFTY. it was late, as intraday margin play wouldn't have had opportunity, but option trade gave 25 points per lot. This is on behalf of our young Master.
Now of for now , Nifty only will be lucksmi
We will always win if we control our greed. and a 100% consistent win in all trades we take.
Thank you sir.